Friday February 26, 2021
Bitcoin (BTC) $47,855.00   Ether (ETH) $1,511.97
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Regulation

Startup crypto exchange Archax to partner with Custom House for KYC/AML checks

Published by CryptoNinjas.net
08/16/2018
Startup crypto exchange Archax to partner with Custom House for KYC/AML checks

Archax, an upcoming institutional-grade crypto exchange, today announced a partnership with Custom House Global Fund Services to perform Know Your Customer (KYC) and Anti Money Laundering (AML) checks on firms and professional investors wishing to join and trade on the Archax exchange. These checks will also be performed on all entities wishing to participate in Archax’s forthcoming Security Token Offering (STO).

The activities that Custom House will perform for the Archax exchange will include: legal entity checks, identifying beneficial owners/controlling persons and terrorist/political screening. All checks will be performed prior to participants being accepted to trade and then on an ongoing basis.

“Coming from the hedge fund industry, we realize how important it is for institutions and their clients to know exactly who their trading counterparties are, as well as exactly where funds have come from. Regulations are very strict in this area and the existing crypto space simply doesn’t operate in the way that these firms both need and expect. We are very pleased to be working with such a strong partner as Custom House, as I know it will give firms the comfort they need that checks being performed are of the highest institutional standard. This partnership will also help differentiate us from other venues in this space.”

Graham Rodford, CEO and a founder of Archax

Most existing crypto trading venues have primarily targeted the retail space and lack the systems, controls, processes, and transparency that institutions look for. The Archax exchange has been designed with these institutions in mind and will legitimize and evolve the new digital asset marketplace for them by adopting best practice regulatory, compliance and operational principles. Key to this is all exchange participants will have to go through a comprehensive set of KYC and AML checks that Custom House is known for and perform widely for the finance industry globally already.

“Performing KYC and AML checks, as well as many other fund administration, compliance, and regulatory tasks, is the lifeblood of what we do for our clients operating in traditional markets all over the world. We have been looking at ways to broaden our services, and the crypto space is of interest to us as it presents a unique and exciting opportunity. Working with Archax, who know the crypto and traditional investment spaces well, and understand how institutions need to operate, gives us precisely the route and partner we need to expand into this new market.”

David Barry, COO of Custom House
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Crypto exchange Archax to list security tokens from Polymath
Vendor Technology

Crypto exchange Archax to list security tokens from Polymath

02/05/2020
Archax Unbound Mpx Crypto Ninjas
Crypto Exchanges

Archax to launch blockchain asset custody service with Unbound Tech

07/09/2019
Bletchley Park Asset Management invests in blockchain exchange Archax
Capital Raising

Bletchley Park Asset Management invests in blockchain exchange Archax

06/04/2019
Tokeny partners with Archax for security token trading
Token Offerings/Listings

Tokeny partners with Archax for security token trading

03/21/2019
Archax partners with Quod Financial for crypto asset order management
Vendor Technology

Archax partners with Quod Financial for crypto asset order management

03/19/2019
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
ZelaaPayAE deploys Pundi X's merchant crypto payment solutions for UAE

ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

02/24/2021
Bitcoin ATM company Lamassu unveils brand new operator admin system

Bitcoin ATM company Lamassu unveils brand new operator admin system

02/23/2021
Tendermint invests in Tgrade to bolster Cosmos' growing DeFi ecosystem

Tendermint invests in Tgrade to bolster Cosmos’ growing DeFi ecosystem

02/24/2021
DeFi fund manager yAxis launches v2 to make earning interest on crypto more accessible

DeFi fund manager yAxis launches v2 to make earning interest on crypto more accessible

02/22/2021
Crypto exchange technology platform HollaEx gets upgraded suite

Crypto exchange technology platform HollaEx gets upgraded suite

02/18/2021
LATAM bitcoin exchange Bitso secures insurance policy on user's crypto deposits

LATAM bitcoin exchange Bitso secures insurance policy on users’ crypto deposits

02/25/2021
Coinbase files registration statement for proposed public stock listing 

Coinbase files registration statement for proposed public stock listing 

02/25/2021
Lido teams with Unslashed to cover $200M worth of staked ether against slashing risks

Lido teams with Unslashed to cover $200M worth of staked ether against slashing risks

02/25/2021
Boson Protocol partners with Crucible to enable brands and games reward users with real-world items

Boson Protocol partners with Crucible to enable brands and games to reward users with real-world items

02/25/2021
Anchorage raises $80M Series C, led by GIC, Singapore's sovereign wealth fund

Anchorage raises $80M Series C, led by GIC, Singapore’s sovereign wealth fund

02/25/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version