Key Takeaways:
- Archax has acquired Globacap Private Markets Inc. with intentions to expand into the US market.
- The newly acquired business which is registered with the US SEC and FINRA as a broker-dealer will now operate as Archax Markets US.
- This acquisition strengthens Archax’s ability to offer tokenized real-world assets to American investors allowing Archax to maximize on the growing demand for digital and tokenized assets in the U.S. market.
The UK-based FCA regulated digital and traditional asset exchange brokerage, Archax, announced its expansion into the US market on March 31, 2025, with the acquisition of Globacap Private Markets Inc.
Globacap Private Markets Rebranded to Archax Markets US
Globacap PMI previously operated as a broker-dealer and ATS that facilitated both primary and secondary securities transactions within the US private markets.
Having registrations with the US SEC and FINRA as a broker-dealer and alternative trading system (ATS), the newly acquired company will now operate as Archax Markets US.
This change comes shortly after Archax’s purchase of Spanish broker King and Shaxon Capital Markets.
The firm will have a regulated presence in the European Union once all necessary approvals are in place with this transaction.
President Trump’s Election Makes US Market Attractive
“The US market has been a bit of a ‘no go’ area in recent years, as regulatory clarity was missing and there was an anti-crypto/digital stance,” Simon Barnby CMO at Archax told Cryptonews in a recent interview.
But the climate in the US market has changed with the recent inauguration of President Trump. The US market is now open for business in this space, explains Barnby.
“Firms like Archax need to have a US strategy now and a way of offering products and services to that market. This acquisition will give us a regulated shop window into the US market and a base from which to grow our business locally there,” said Barnby.
Archax to Expand Its Real-World Asset (RWA) Business to the US
By acquiring the firm, Archax will be able to expand its real-world asset (RWA) offerings, which already include tokenized money-market funds, corporate bonds, carbon credits, and uranium.
The company said it intends to use its new US foothold to bring these products to a wider audience while maintaining the high regulatory standards required in the region.
The firm is active in multiple asset classes and is preparing to introduce additional traditional instruments, starting with UK equities and gilts. There are plans in place to expand into US financial products.
“Our goal has always been to bring real-world asset products and services to a global audience. Acquiring Globacap PMI strengthens our existing collaboration and helps execute this strategy,” said Graham Rodford, CEO and co-founder of Archax.
“The US is one of the largest and most influential financial markets, and with evolving regulations, it is crucial for firms like ours to have a clear plan for operating in this space,” adds Rodford.
XDC Network and Archax Launch Four Tokenized Funds
On Feb. 24 , Blockchain firm XDC Network announced that it had launched its first tokenized funds through a partnership with Archax.
The firm said Archax has tokenized four money market funds (MMFs) from the following financial institutions: abrdn, Fidelity International, BlackRock, and State Street.
These funds are now available on the XDC Network platform.
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