TechFlow, July 22 — According to CoinDesk, the UK-regulated digital asset trading platform Archax is set to acquire German regulated crypto asset management firm Deutsche Digital Assets (DDA) to strengthen its business presence across two of Europe's major financial markets.
DDA manages approximately $70 million in assets and focuses on crypto exchange-traded products (ETPs) distributed through networks of European banks and asset management firms. The acquisition grants Archax a new license from Germany’s Federal Financial Supervisory Authority (BaFin), including portfolio management and investment advisory permissions—critical capabilities for serving institutional clients in the EU.
Following its 2023 acquisition of Spanish broker KSCM, Archax now holds regulatory approvals in the UK, Germany, France, and Spain, making it one of the most comprehensively licensed digital asset firms in Europe. Archax CEO Graham Rodford stated that this transaction positions the company as one of the most comprehensively regulated digital asset firms in Europe.
