Archax will support tokens on its exchange that are created using Polymath's ST20 standard
Archax Launches Primary Raise Platform
Allowing start-ups and early-stage businesses to raise capital
Archax, the first FCA regulated digital asset exchange, broker and custodian, today announced the official launch of its primary raise platform and its first postings including ScribeStar and Circularr. The platform will give start-ups and early-stage businesses access to raise capital from investors that have been pre-vetted by Archax.
Commenting on the launch, Jim Webb, Head of Primary Markets Sales, said:
“We’re thrilled to launch our Primary Markets platform with ScribeStar and Circularr as the initial issuers. Our regulated solution provides professional and institutional investors with priority access to investment opportunities in innovative, early-stage growth companies. Our registered investor network can expect a diverse and exciting list of new issuances across various sectors in the coming weeks.”
Damir Cimer, COO of ScribeStar, the leading digital capital markets documentation and compliance platform, comments:
“We're thrilled to be launching our fundraise on Archax. Having also partnered with them to use ScribeStar's platform to digitalise their admittance process, we share a vision for a technology-driven, more efficient frictionless market. ScribeStar has grown to be a recognisable player in the capital markets technology space, so far only backed by angel investors. Working with Archax gives us a unique opportunity to present ScribeStar to their pool of professional investors and institutions who understand this market and technology and are excited by its potential.”
Eric Vogel, Co-Founder of Circularr, a sustainable blockchain ecosystem, focused on the incubation and development of sustainable cryptoassets backed by sustainable commodities adds:
“We are thrilled to announce that Circularr is launching its funding round on Archax, the leading institutional digital securities exchange. As a ReFI blockchain ecosystem focused on sustainability and the circular economy, we are excited to work with Archax who support our vision for the future of the recycling industry. This partnership presents a unique opportunity for us to showcase Circularr's innovative technology to a wide pool of professional investors and institutions, as we seek to scale our ecosystem and onboard strategic partners.”
The Archax digital asset ecosystem has been built with institutions in mind and is designed to allow them to raise funds through digital issuances, as well as custody and trade a variety of digital assets, such as digital securities, NFTs and cryptocurrencies.