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Archax pilots digital FTSE 100 stocks and gilts on blockchain

Abrdn-backed firm targets fourth-quarter rollout of tokenised stocks and bonds

Archax will launch the pilot on 7 June on a handful of public blockchain networks

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By
Alex Daniel

Investors will soon be able to trade digital versions of FTSE 100 shares and UK government bonds on the blockchain, as digital assets firm Archax gears up to issue prototypes of both this week.

The London-based company, which is backed by asset management giant Abrdn, will launch the pilot on 7 June on a handful of public blockchain networks, which will likely include Ethereum, Polygon and Algorand.

Initially,...