Archax Group Acquires Spanish Broker KSCM

Archax Holdings Ltd, a UK-based digital asset exchange, broker, and custodian regulated by the FCA, has announced its agreement to acquire King & Shaxson Capital Markets, Sociedad de Valores, S.A. This acquisition, pending regulatory approvals in Spain, will rename KSCM to Archax Markets Europe, S.A., enabling Archax to expand its regulated operations within the EU and introduce crypto derivatives. This move strategically positions Archax for the forthcoming Markets in Crypto Asset Regulation (MiCAR) in the EU.

Founded in 2019, KSCM services pan-European institutional clients from Madrid. Its integration as a fully owned subsidiary strengthens Archax's EU presence. Graham Rodford, CEO of Archax, emphasizes the acquisition's role in expanding regulated capabilities and EU access, especially post-Brexit. Meanwhile, King & Shaxson plans to focus on its core offerings in international fixed income products.