Archax Expands EU Footprint with Acquisition of Deutsche Digital Assets

UK-based regulated digital asset exchange Archax is bolstering its European presence through the acquisition of Deutsche Digital Assets (DDA), a German digital asset manager with $70 million in assets under management. The MOVE follows Archax's 2023 purchase of Spanish broker KSCM, reinforcing its strategy to build the most comprehensive suite of regulated digital asset services across the EU and UK.

DDA brings BaFin-regulated capabilities including crypto ETPs and institutional products, along with established distribution channels through European banks and asset managers. The acquisition grants Archax additional EU regulatory permissions for advisory, distribution, portfolio management, and contract brokerage services.

The deal comes as regulatory barriers for crypto products continue falling across Europe, with the UK's FCA recently approving its first crypto ETP listings for professional investors. Institutional adoption appears to be accelerating amid global macroeconomic uncertainty, creating tailwinds for regulated digital asset service providers.