Archax, a British-regulated crypto exchange and custodian who focuses on tokenized assets, has acquired an American broker in an attempt to enter the thriving institutional market in the country following the recent positive changes in the regulatory environment.

GlobaCap Private Markets Inc, a brokerage dealer and alternative trading system (ATS) regulated by Finra and Securities and Exchanges Commission (SEC), purchased by Archax and renamed Archax Markets OS.

The new unit will serve as the company’s foothold on American soil and serve institutions and professional investors in the country, two Archax leaders told Coindesk.

Asset-tokenization is a rapidly growing sector in crypto as global banks, asset leaders and digital asset companies are increasingly using blockchain rails to move traditional financial instruments. They do this to achieve operational efficiency and faster, around the clock.

Right in recent weeks, Asset Manager Fidelity Investments to launch a tokenized money market fund and is reporting to issue a stablecoin.

Derivatives Exchange CME Group started tokenization test with Google Cloud with plans to launch new services next year, while New York Stock Exchange’s parent company collaborated with Circle to explore services built on USDC StableCoin and Tokenized Fund Usyc.

Archax specializes in issuance, custody and trade in tokenized assets in the real world (RWAs), including money market funds, corporate bonds, carbon credits and uranium. For example, Archax’s recently issued Tokenized Treasury Fund at XRP Ledger with Asset Manager ABRDN $ 45 million in deposits to become a top 10 product of assets under management, RWA.xyz data shows.

Archax has investigated entering the US market in recent years, but stayed on the sidelines because of regulatory uncertainty, Graham Rodford, CEO of Archax, said in an interview with Coindesk.

“Under this new administration, which seems to be more crypto -positive, we also get more interest from the US, which we obviously can’t easily earn from the UK, so it makes sense to us strategically to go there,” Rodford said.

Archax also plans to expand its offers to tokenized US equities and bonds and builds on its existing partnerships across multiple blockchains, including Ethereum, Polygon, Solana, Hedera Hashgraph and XRP Ledger.

The company’s American input follows the recent purchase of a Spanish brokerage company to extend services to the European Union, pending regulatory approvals.