Archax Expands European Crypto Reach with Deutsche Digital Assets Acquisition and $70M ETP Management
Main Idea
Archax expands its European crypto presence by acquiring Deutsche Digital Assets (DDA), a German firm managing $70M in crypto ETPs, to strengthen its position in Europe's financial hubs.
Key Points
1. Archax, a UK-based digital asset firm, acquired Deutsche Digital Assets (DDA) to expand its European footprint.
2. DDA manages approximately $70 million in cryptocurrency exchange-traded products (ETPs).
3. The acquisition aims to enhance Archax's investment solutions in Europe's evolving regulatory environment.
4. DDA operates through a network of European banks and asset managers.
Description
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