Archax Launches Subsidiary Montis Digital, Appoints Martin Watkins as CEO

Watkins is an industry veteran, having formerly worked at EY, Atos Euronext and Euroclear.

Sep 28, 2021 at 3:00 p.m. UTC
Updated Sep 28, 2021 at 3:40 p.m. UTC

Will Canny is CoinDesk's finance reporter.

Archax, the U.K. digital securities exchange, broker and custodian, has named Martin Watkins as CEO of its new subsidiary Montis Digital.

  • Watkins is an industry veteran, having formerly worked at EY, Atos Euronext and Euroclear. Montis Digital is building “digitally native, blockchain-based post-trade infrastructure to allow tokenized assets, such as securities or security tokens, to realize their full potential,” the company said in a statement.
  • Watkins said in the statement that he was excited to be part of Montis Digital and to be ‘‘working at the forefront of building the next generation of infrastructure for capital markets blockchain technology.’’
  • Archax was granted several licenses by the U.K. regulator the Financial Conduct Authority (FCA) in August 2020, making it one of the world’s first authorized trading spaces for digital securities.
  • It was the first crypto-asset firm to be registered with the FCA, a must for all companies working with digital assets from January 2021.
  • Graham Rodford, CEO of the Archax Group, said that “the potential benefits of using blockchain technology in financial markets are particularly relevant in the post-trade space,’’ adding that “blockchain based post-trade infrastructure can reduce settlement times, remove friction, improve efficiency and lower costs – and our subsidiary Montis Digital is building out the technology that is required for this.’’


The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Will Canny is CoinDesk's finance reporter.

Will Canny is CoinDesk's finance reporter.

Trending

1
Fireblocks Deploys ‘Web3 Engine’ for Firms Eyeing GameFi, NFTs

The custody and wallet tech provider is looking to expand beyond institutions involved in DeFi to a broader developer community around gaming, social media and entertainment.

The custody and wallet tech provider is looking to expand beyond institutions involved in DeFi to a broader developer community around gaming, social media and entertainment.

2
A16z Addresses Downturn in Inaugural State of Crypto Report

The inaugural report discussed Web 3 trends and why Ethereum remains the dominant blockchain.

The inaugural report discussed Web 3 trends and why Ethereum remains the dominant blockchain.

3
Citi Says Fallout From Terra Collapse Unlikely to Hit Wider Financial System

Recent weakness in bitcoin and equities looks contemporaneous and doesn’t show any lag or lead effect, the bank’s analysts said.

Recent weakness in bitcoin and equities looks contemporaneous and doesn’t show any lag or lead effect, the bank’s analysts said.

4
Coinbase Pares Back Hiring Plans Amid Weak Earnings, Poor Market Condition

The exchange previously planned to hire as many as 2,000 employees earlier this year.

The exchange previously planned to hire as many as 2,000 employees earlier this year.