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

according to CoinDesk, the UK-regulated digital asset exchange Archax has announced the acquisition of the German crypto asset management company DDA, which holds a portfolio management and investment advisory license issued by Germany's BaFin and manages approximately $70 million in assets.

This transaction will allow Archax to expand its business into the German and French markets, further consolidating its regulatory landscape in the European crypto ETP and tokenized asset sectors following the acquisition of the Spanish company KSCM. Archax's CEO stated that it will become one of the "most fully licensed" digital asset companies in Europe.