Archax Group Expands into EU with Acquisition of Spanish Broker

Archax, a UK-based digital asset exchange and broker, has announced its intention to acquire the Spanish brokerage firm King & Shaxson Capital Markets. This strategic acquisition will see the brokerage being renamed Archax Markets Europe, S.A., subject to regulatory approvals in Spain. The move allows Archax to extend its brokerage, trading, and custody services into the European Union, aligning with the forthcoming Markets in Crypto Asset Regulation (MiCAR).

Established in Madrid in 2019, King & Shaxson Capital Markets will become a wholly owned subsidiary of Archax. This acquisition is pivotal for Archax as it seeks to expand its regulatory footprint across Europe post-Brexit. Graham Rodford, Archax CEO, emphasized that this deal enhances their regulatory capabilities, particularly in crypto derivatives and distribution within the EU.

The transaction has been legally supported by Cuatrecasas for Archax and Ashurst Spain for King & Shaxson. The acquisition aligns with Archax's strategy to bridge traditional capital markets and blockchain, expanding access to digital assets.