Archax, which plans to launch during 2019, is focused on providing a venue for institutions and professional investors to trade in all types of security tokens globally. Archax is also planning its own security token offering (STO) later in 2019, where it will tokenize and offer for sale a portion of its own equity.
Ami Ben-David, Co-Founder and Managing Partner at SPiCE VC, comments: “When we started SPiCE, security tokens were in their early stages. By tokenising ourselves and investing in key infrastructure plays in the security token ecosystem, we have become widely regarded as pioneers in the space. We focus on early-stage opportunities with great teams who have the vision and ability to challenge and change the status quo. Archax fits the bill perfectly and will round out our portfolio by providing a credible institutional venue for all the security token initiatives we are involved with, as well as others, to be traded in.”
Graham Rodford, CEO and co-founder of Archax, adds “We see the tokenisation of assets as the next significant step in the evolution of the digital asset world and something that could potentially revolutionise traditional financial markets too. Whilst looking for seed investment we were keen to find a partner who understood and believed in the digital securities space and could add value to our initiative. SPiCE is exactly that kind of partner. We look forward to working together to build out and evolve the infrastructure and systems that the digital securities ecosystem needs.”
As part of this investment, Ami Ben-David will also join the Archax Advisory Board.