Archax appoints Alex Royle as CCO 03 February 2020London Reporter: Maddie Saghir
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Archax, a forthcoming institutional digital securities exchange, has hired Alex Royle as its new chief compliance officer (CCO), based in London.
Royle most recently led the supervisory effort of a number of multilateral trading facilities (MTF) at the Financial Conduct Authority (FCA).
Prior to this, Royle served as a seconded national expert in markets policy at the European Securities and Markets Authority.
He has also worked across various functions from market making to sales trading within the fixed income and commodities exchange and derivatives space.
Archax plans to launch its exchange in mid-2020 and is focused on providing a venue for institutions and professional investors to trade in digital securities.
According to Archax, these take real-world assets and tokenise them using a blockchain technology, which ‘modernises and simplifies’ the process of raising capital by removing ‘friction and middlemen’.
Additionally, this also brings liquidity to currently hard to trade assets through fractional ownership and the creation of secondary markets that trade globally, Archax noted.
Commenting on his appointment, Alex Royle, said: “Having seen the wave in interest building around regulated instruments leveraging blockchain and tokenisation technologies, particularly from an institutional angle, I was keen to find a way to utilise my extensive experience in the emerging digital securities space.”
Graham Rodford, CEO and co-founder of Archax, commented: “We see the tokenisation of assets as the next significant and regulated step in the evolution of the crypto world and something that could potentially revolutionise traditional financial markets too.”
“Consequently, CCO is a vital role for us to fill and we are pleased to have Alex Royle with his highly relevant cross-asset experience, from both the regulator and business side, in this pivotal position,” Rodford added.
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