Archax acquires Deutsche Digital Assets (DDA) to expand its crypto ETP business in Europe

According to ChainCatcher, as reported by CoinDesk, UK-regulated digital asset exchange Archax has announced the acquisition of German crypto asset management firm DDA. DDA holds investment portfolio management and investment advisory licenses issued by Germany’s BaFin and manages approximately $70 million in assets.

This transaction will enable Archax to expand its business into the German and French markets, further strengthening its regulatory presence in the European crypto ETP and tokenized asset sectors following its acquisition of Spain’s KSCM. The CEO of Archax stated that the company will become one of the “most comprehensively licensed” digital asset firms in Europe.