News reaching the mainstream crypto industry states that SPiCE VC, a fast-rising wholly token-operated venture capital fund, has acquired a share in the soon-to-be-launched Archax. Making the grand announcement on Monday 11th February 2019, various news outlets reported that this strategic investment would come into full effect once Archax becomes operational.
Archax, a London-based exchange that will exclusively deal in institutional digital securities, will be launched soon. It will major in the trading of all varieties of security tokens and will effectively serve all the individual and institutional traders from every corner of the planet. And it’s because of this that the pioneering tokenized venture capital fund has waged on it.
SPiCE VC – A Pioneer In The World Of Security Token
SPiCE VC is a no stranger in this rapidly ballooning world of digital securities. It was founded in 2017 and soon after tokenized its own assets, an idea that didn’t exist before then. It later developed a reputation for investing in upcoming companies in the niche. Today, SPiCE VC’s massive growth is a clear testament to how lucrative tokenizing ownership can be. It also signifies its belief in startups which will excite the digital securities industry.
These digital securities (security tokens) essentially mimic real-world securities. They represent the real-world assets such that one trades his/her tangible assets like fiat for them, albeit via the now-popular distributed ledger technology. They aren’t similar to cryptos and thus aren’t subject to uncertainties that often rock the latter.
CEOs Of SPiCE VC And Archax Had Their Say
According to the co-founder and manager of SPiCE VC, Ami Ben-David, their company’s tag as the pioneer is because they first tokenized themselves. He says they now prefer to focus on any opportunity whose vision may develop and later dismantle the status quo. And that’s why they chose to go for the soon-to-be-launched exchange.
Archax’s founder and CEO, Graham Rodford, however, sees the entire arrangement as what he terms ‘the next major step’ that will possible revolutionize how the world perceives digital assets. And so, with SPiCE VC as a seed investment partner, they have a company with a firm understanding and an unwavering belief in the industry.
When Will Archax Be Launched?
Archax is slated for a mega launch later in 2019. However, it’s rumored that after it goes live, this institutional digital securities-oriented exchange will tokenize, making part of its equity available for public purchase.
Part of SPiCE VC’s acquisition of a stake in this exchange, according to reports, is to see Ami Ben-David join the advisory board of Archax. Ben-David is a technocrat with over 25 years of experience in the tech industry.