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Archax integrates ESG crypto data from Crypto Risk Metrics
Crypto Risk Metrics has secured Archax, the first registered crypto company in the UK, for their ESG data offering for cryptocurrencies. Archax will use this data to stay compliant with MiCAR regulation for their Spanish entity, the recently acquired Spanish broker King & Shaxson Capital Markets, Sociedad de Valores, S.A. (KSCM, now becoming Archax Markets Europe). Additinally, Archax will integrate the ESG data into its crypto asset due diligence reports to further enhance their Financial Promotions offering.
Graham Rodford, CEO and Co-founder of Archax, states: “Regulatory compliance is our top priority. With the acquisition of KSCM, we will have significant regulatory permissions in the EU which we will be using to further distribute our products. These extended capabilities will also position the entity well for Markets in Crypto Asset Regulation (MiCAR) which has certain requirements CRM is able to support.” Ximo Vicent, Executive Chairman of Archax Markets Europe, adds: “When looking for a provider of ESG-data, we looked for operational excellence, the avoidance of conflict-of-interests and proper risk-management systems in place.”
Tim Zölitz, CEO of Crypto Risk Metrics, summarizes: “Archax has strong regulatory presence within traditional finance and crypto. We are delighted they have chosen us as their provider for ESG data. We also feel that our strategy of not taking any shortcuts pays off. Sound measurements, reliable statistics and best-in-class infrastructure are highly valued by the regulated industry.”
The Markets in Crypto Assets Regulation requires Crypto-Asset Service Providers to report different ESG metrics from December 30th, 2024. As a leading data provider in this area, Crypto Risk Metrics is, for example, the exclusive ESG data provider of the ISO 24165 issuing body for the Digital Token Identifier Foundation and cooperates with leading data providers for easy integration into the systems.
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