According to The Block, Archax, a British digital asset exchange, completed a US$28.5 million Series A financing. Abrdn is the main strategic investor in this round of financing. Other supporters include Bitrock Capital, Blockchain Coinvestors and Tezos Foundation. Archax allows institutional investors to custody and trade a variety of digital assets as well as traditional securities and is licensed by the UK Financial Conduct Authority. Archax previously completed an $8 million seed round in October 2020.