ARCHAX British Exchange launches a digital asset storage service – Bits Media

Cryptocurrency exchange of digital securities Archax, regulated by the authorities of Great Britain, launched a digital assets storage service.

In the Castodial Service of Archax, the Swiss supplier in the field, offered for crypto. security MPC Metaco and IBM Cloud.

To get the status of an adjustable company, Archax is obliged to meet the strict requirements of the British financial supervision department (FCA), Provision of separate accounting of own and depository assets. It means, that in the case of bankruptcy of the company, assets, on storage, will not be included in the competitive mass.

In addition, the regulator demanded that Archax compliance with complete technological control over depository technologies and safety keys, and also introduced a ban on any forms of outsourcing.

Earlier, one of the largest German investment funds Dekabank chose
Harmonize platform and entered into a partnership agreement with the Swiss Metaco to provide crypto actuas management services.