Archax, the forthcoming digital asset exchange, brokerage and custodian, has appointed Richard Shade as head of operations.
The appointment comes as Archax prepares to launch the first Financial Conduct Authority (FCA) regulated digital securities exchange.
Shade was most recently head of custody at crypto exchange BEQUANT and before that was head of operations at CME Europe – the CME Group’s UK Regulated Investment Exchange.
He also brings institutional operational experience from roles at NYSE Liffe and Bank of Tokyo Mitsubishi, as well as start-up experience from blockchain business UWINCorp.
Archax is leveraging tokenisation and blockchain technology to democratise financial markets and help bring liquidity to assets that are hard to trade.
Graham Rodford, CEO of Archax, commented: “As we prepare to launch the first ever FCA regulated digital securities exchange, it is vital that we have the right operational team in place. With our regulated status and institutional focus, providing the highest levels of operational controls and processes is paramount.”
Rodford said: “Shade brings first-hand experience of running both crypto and traditional venues, and so has the proven skills and abilities needed to head up our exchange operations team.”
Shade added: “I am excited to be joining Archax at this pivotal moment, as it prepares to launch the first FCA regulated digital securities exchange. I believe my operational background with financial institutions both large and small, across a multitude of asset classes, positions me well to deliver what is needed and help make Archax the success that it is destined to be.”
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