Share this article
UK Asset Management Giant Abrdn Leads Archax $28.5M Funding Round
Archax is now working on a range of crypto exchange-traded products.
Updated May 9, 2023, 4:01 a.m. Published Nov 9, 2022, 2:52 p.m.
Abrdn (ABDN), one of the U.K.'s biggest asset-management firms, led a $28.5 million Series A funding round into digital asset exchange Archax, having become the firm's largest external shareholder earlier this year.
The investment into the Financial Conduct Authority-licensed firm included backing from the Tezos Foundation, Bitrock Capital and CE Innovation Capital among others.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Archax allows institutional investors to custody and trade digitized securities – tokenized versions of real-world assets – alongside traditional securities and cryptocurrencies. It says it was the first exchange offering digitized securities to win registration with the FCA and is now working on a range of crypto exchange-traded products (ETPs).
Abrdn, which manages 464 billion British pounds ($532 billion) in assets, became Archax's largest external shareholder in August this year after making an undisclosed investment in the exchange.
Read more: UK Investment Giant Abrdn Joins Hedera Governing Council to Advance Tokenization Goals
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
From Wall Street to the World Cup: How Football Became Crypto’s Biggest Gateway Drug
As institutions are laying the groundwork for wider crypto adoption from the top down, it’s being met by rising interest from football fans from the ground up.
Top Stories
