🇪🇺 Crypto Weekly Updates #16: Archax (Regulated digital securities exchange)

Web3, B2C2, Exante, Volve, Allianz, Commerzbank, ECB, Czech Republic, German-based Dürr, Cryptocompare

Hi Everyone,

This is issue #16 of my European crypto newsletter aiming to give updates on corporates, startups and regulation in 🇪🇺

Everyone is talking about San Francisco as the epicentre of everything in crypto. Well, I wanted to shed light on Europe and show how exciting the ecosystem is.

If you are based in Europe and want to support the ecosystem you can email me to highlight companies or topics that you think should be covered.

I’m looking to connect with Berlin and Turkish readers. Don’t hesitate to reach out!

And if you are looking to hire, share news or want to sponsor a newsletter please email me at cryptojobseu@gmail.com - we are 1,000+ and growing

Cheers,

Etienne Twitter, ebrunet40@gmail.com)


🙈Who’s behind this?

This section aims to give the opportunity to introduce some of the best 🇪🇺 founders. Most people loves their products but don’t know who are the founders behind them. Hello World.

Archax

https://www.archax.com/

Hi Graham, you recently launched Archax; can you share a bit about your background?

I have close to 20 years’ experience in financial services including Chief Operating Officer, Chief Compliance Officer and other finance roles at companies such as HSBC, Caliburn Capital, Leo Fund Managers and Coutts Bank. It was when working as COO/CCO at Omni Partners, a $1.4 billion hedge fund based in London, that I began looking into the crypto space.

How did you get into the bitcoin and blockchain industry?

I began taking a personal interest in the cryptocurrency and blockchain industry in 2013 while working at Omni Partners. Then in 2017 I began working on setting up a truly institutional cryptocurrency fund; however, it quickly became clear that the crypto industry was not set up for institutional players. This led to myself, along with two colleagues, leaving the hedge fund to start Archax.

Tell us a bit more who is behind Archax. How big is your team? Are you hiring?

Archax has been running for just over a year now. We have built the team to 11 and are recruiting. At the moment, our main focus is recruiting to grow our tech and regulatory teams as these are our main areas of focus currently.

What is the vision of Archax? How are you bridging the gap between the crypto and traditional investment spaces?

The vision for Archax is to be the first regulated digital securities exchange in London, providing the most secure and transparent venue for institutional clients. We are bridging the gap by bringing this new blockchain technology to the traditional finance world, making processes quicker, more cost effective and facilitating liquidity in current illiquid and hard to trade assets.

You can read the rest of the article here.

 💵 Job of the week w/ Crypto Jobs List

Very excited to announce our partnership with Crypto Jobs ListWe curate a list of top jobs based in Europe. Apply. Share it.

🐦 Tweet of the week

The team at B2C2 is on point. If you want to understand BTC you need to follow the Chinese market. Also if you want to dig further on this topic, I recommend the thread from my friend Light [LINK]

🤹 Startups

  • The Baltic Honeybadger conference continue to add top speakers. Highly recommend for anyone interested in the orange coin [Source]

  • EXANTE Adds Trading Support for Ravencoin’s RVN. EXANTE customers can already trade over 20 funds pegged to crypto assets. The Malta-based broker was the first crypto fund (ever) to launch a Bitcoin-only hedge fund back in 2013. It was not DCG with Grayscale or Pantera… [Source]

🏭Corporates

  • Automaker Volvo Cars, owned by Chinese automotive group Geely, has produced electric cars with cobalt mapped on a blockchain. The ledger employed for the endeavor has reportedly been developed by British blockchain startup Circulor, based on technology created by the Java tech giant, Oracle [Source]

  • German insurance giant Allianz is set to launch a blockchain-based token for payments, similar to JPM Coin. The token will be pegged 1:1 to the U.S. dollar, which is in “advanced stages” of development [Source]

  • Commerzbank tests blockchain-based machine-to-machine payment solution for the first time. First use of cash on ledger for automated M2M payment processing in co-operation with Daimler Trucks. M2M settlement of payments as part of the pilot project involving the direct handling of charging processes of trucks. Further development steps for eMoney-based payment processing are being investigated in collaboration with industrial partners [Source]

🏦Regulations / Universities

  • The Czech Republic is expected to enforce stricter oversight of cryptocurrencies than that required by the European Union’s bloc-wide AML regulatory regime with fine up to $20k on cryptocurrency firms should they fail to register their operations with the national Trade Licensing Office [Source]

  • The European Central Bank has issued a new report indicating that it plans to use more on-chain data to better monitor the crypto markets. Titled “Understanding the crypto-asset phenomenon, its risks and measurement issues,” the report reveals that the ECB has already built a system that uses “high-quality” aggregated data available online in its efforts [Source]

💰Fundings

  • German-based Dürr, one of the world's leading mechanical and plant engineering firms, has secured a sustainability loan of 750m euros, the interest on which is linked to its eco-friendly performance. The credit agreement was self-initiated by Dürr, utilizing a blockchain-based syndicated loan platform [Source]

🕹️ Product of the month: Cryptowatch

This is a new section where I highlight tools that are just great and lack coverage.

Some of the key features of Cryptowatch

  • Zappier: Trade just about any signal with order submission: Recurring buys on multiple exchanges, Buy or sell by sending an email, Follow your favorite Crypto Twitter talking heads (Enter a Buy or Sell order when a certain Twitter user sends a tweet - or when they send one with a certain key term or hashtag) [Source]

  • Google Sheet Data: Access real-time and historical market data in your Google Sheets with Cryptofinance.ai’s premium packages, now bundled in to Cryptowatch.

  • WebSocket API: Stream market data from 26 top exchanges in to your app or trading algorithm

  • Custom Themes: Customize the look, feel, and candle style of your Cryptowatch interface