Archax Completes First Raise For Montis Digital, Using Primary Issuance Platform, Alongside DLA Piper In FCA Sandbox - UK Regulated Venue Tests Its Primary Rails Prior To Full Digital Platform Launch Later This Year
<p><span>Archax, the only UK regulated and registered digital securities exchange, broker and custodian, today announced that it has completed the first fundraise on its Primary Issuance Platform working with DLA Piper. The oversubscribed round of $1.5m was conducted for its recently announced Montis Digital subsidiary, which is building blockchain-based market infrastructure for the post-trade ecosystem. The raise was completed in the context of a wider digitalisation and regulatory compliance project within the FCA’s Innovation Sandbox as part of their Cohort 6. This fo...
Source: mondovisione.com