- Archax acquires Globacap, expanding its U.S. presence in digital assets.
- Globacap now Archax Markets US.
- Globacap’s integration bolsters Archax’s U.S. services.
Archax, a UK-regulated digital asset exchange, acquired U.S.-based Globacap Private Markets Inc., rebranding it as Archax Markets US.
The acquisition provides Archax with a strategic foothold in the U.S. to expand its digital asset offerings.
Archax’s Strategic U.S. Entry with Globacap Acquisition
Archax’s acquisition of Globacap marks its official entry into the U.S. digital asset market. Graham Rodford, CEO of Archax, highlighted the strategic move driven by increased American interest in cryptocurrency. As Rodford stated, “Under this new administration, which seems to be more crypto positive, we are getting more interest from the U.S. as well, which obviously we can’t easily serve from the UK, so it makes sense for us strategically to go there.”
Globacap’s rebranding to Archax Markets US enables the company to serve U.S. clients directly. The integration aims to broaden the scope of Archax’s regulated investment solutions, in line with its goals.
Community and market responses have been mixed, balancing optimism about expanded services and cautious optimism about regulatory compliance. Rodford’s statement underscores the occasion’s significance.
Tech and Market Implications Post-2019 Archax-Globacap Partnership
Did you know? Archax’s move to acquire Globacap comes after their initial partnership in 2019, signaling a strategic evolution toward integrated digital securities solutions.
XRP is currently priced at $2.09, with a market cap of $121.53 billion as of March 31, 2025. Its 24-hour trading volume stands at $3.75 billion, despite a recent price drop of 3.49%, according to CoinMarketCap.
Insights from the Coincu research team suggest that this acquisition can strengthen Archax’s technological capabilities. Archax aims to leverage Globacap’s regulatory credentials to enhance market transparency and extend real-world asset tokenization services.
Source: https://coincu.com/329685-archax-acquires-globacap-us-market/