UK-based digital asset firm Archax has acquired Deutsche Digital Assets (DDA), a German financial entity managing crypto exchange-traded products (ETPs) valued at approximately $70 million. The strategic move aims to bolster Archax’s presence across key European financial markets and enhance its institutional investment offerings.
DDA operates through established networks of European banks and asset managers, providing Archax immediate operational infrastructure on the continent. This acquisition positions Archax to leverage evolving regulatory frameworks while expanding its suite of regulated digital asset solutions for institutional clients.
The integration focuses on scaling crypto ETP accessibility across Europe’s financial hubs, harnessing DDA’s existing managed assets and distribution channels to deliver enhanced investment products amid growing institutional demand for compliant digital asset exposure.