SPiCE VC Invests in Digital Securities Exchange Archax

SPiCE VC Invests in Digital Securities Exchange Archax

SPiCE VC, a fully tokenised venture capital firm, announced on Feb 11 its strategic investment in a forthcoming institutional digital securities exchange, Archax.

Archax, which is expected to launch during 2019, has a plan to process its own security token offering (STO) later in 2019, where it will tokenise a fragment of its own equity for sale.

The deal consideration was kept undisclosed. Before investing in Archax, SPiCE VC have already Bakkt, Securitize and Investacrowd in its portfolio.

Ami Ben-David, Co-Founder and Managing Partner at SPiCE VC, said:

“Archax will round out our portfolio by providing a credible institutional venue for all the security token initiatives we are involved with, as well as others, to be traded in.”

Graham Rodford, CEO and co-founder of Archax, also commented:

“ Whilst looking for seed investment we were keen to find a partner who understood and believed in the digital securities space and could add value to our initiative. SPiCE is exactly that kind of partner. We look forward to working together to build out and evolve the infrastructure and systems that the digital securities ecosystem needs.”

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