October 16, 2021

Archax subsidiary Montis Digital to launch blockchain based digital post-trade infrastructure

Archax, the first FCA regulated digital securities exchange, broker, and custodian, has today announced its subsidiary, Montis Digital, which is building digitally native, blockchain based post-trade infrastructure to allow tokenised assets, such as digital securities or security tokens, to realise their full potential.

Martin Watkins, the former EY, Atos Euronext, and Euroclear industry veteran has been appointed as Montis Digital CEO.

Many tokenised assets are regulated instruments and as such fall under securities regulations in their jurisdiction of issuance. Consequently regulation, such as the European Union’s Central Securities Depositories Regulation (CSDR), applies. CSDR mandates that ownership of digital securities be maintained in a Central Securities Depositary (CSD) if the issuance is being admitted to a secondary market for trading – such as…

Read full article here: www.finextra.com