Archax Group to acquire King & Shaxson.

Archax Group, a FCA-regulated exchange, broker and custodian for digital assets, agreed to acquire King & Shaxson, a financial services company incorporating an investment firm, trading venue, asset management, advice and training. Financial terms were not disclosed. “The Archax strategy has always been to expand its regulatory footprint globally, with the EU region being of prime importance for us, post-Brexit. This acquisition expands and enhances our access to permissions within the EU region, building on those we hold with the FCA in the UK. It also broadens our regulated capabilities—particularly in distribution and crypto derivatives—positioning us well for the upcoming implementation of MiCAR in the EU,” Graham Rodford, Archax CEO and Co-Founder.