Abrdn, an investment firm with over $619 billion in assets, becomes the largest outside shareholder in digital asset exchange Archax

According to The Block, Abrdn, an investment firm with over $619 billion in assets, said it has become the largest external shareholder of digital asset exchange Archax. Abrdn’s stake in Archax will give it a seat on the Archax board, and Abrdn plans to use the Archax stake as a way for investors to access digital securities opportunities and connect to existing products through “tokenization.” Founded in 2018, Archax is currently the only digital securities exchange approved by the UK's Financial Conduct Authority (FCA), with licenses covering trading, custody and brokerage. Established in 1825, investment firm Abrdn (formerly Standard Life Aberdeen) provides financial advisors and personal wealth businesses with a range of investment services focused on investment solutions, tools and technology.