Archax partners with ScribeStar to digitalise issuance and admission processes for its FCA regulated digital securities exchange

9 February 2023

Archax, the first FCA regulated digital securities exchange broker and custodian, today announced a partnership with ScribeStar, the leading digital capital markets documentation and compliance platform, to create a fully digital issuance and admissions experience for companies accessing the Archax markets.

Archax’s institutional-grade, regulated exchange and custody infrastructure is transforming the traditional model by digitalising not only the assets but also all the inherent processes of how those assets are brought to and traded on its market.

Traditionally, documentation drafting, compliance and admission processing are done manually with multiple parties passing information via analogue means. ScribeStar is changing this by enabling digital, seamless interactions and data processing from the pre-listing stage all the way through to admissions and ongoing reporting.  Its platform is transforming documentation creation and interactions among market participants to make the issuance process faster, more efficient, and more accurate.

Powered by ScribeStar, Archax’s digital issuance and admissions environment will embed with its overall digital infrastructure, for a user-oriented, easy and secure issuer experience.

Graham Rodford, CEO and co-founder of Archax, said: “ScribeStar’s platform has proven its ability to make even the most complex and traditional aspects of capital markets more efficient, as seen by its use in IPOs and other listings across London’s markets. Its ability to digitalise the process whilst maintaining trust from most prominent law firms and issuers aligns perfectly with Archax’s goal of becoming a trusted market for professional and institutional investors.”

Adam Shaw, Founder and Executive Chairman of ScribeStar, added: “Archax is at the forefront of the digital exchange business. We are delighted to become an integral part of the company’s offering, making regulatory compliance critical for maintaining confidence of high-performing institutional investors.” Damir Cimer, COO of ScribeStar, added: “Archax has brought together a world-class team that deeply understands the needs of these investors and has created a platform that will deliver a truly unparalleled issuer and investor experience. We share an aligned vision of a more accessible and easier market access, particularly for SMEs, who have historically faced high barriers to entry in institutional markets. This partnership is set to make things more accessible and user-friendly for them and others looking to list on Archax Exchange.”

Self-uploaded Templates

Are documents uploaded by Super Users themselves via ScribeStar’s document upload feature. It’s easy to do, but some users like us to do it for them – in that case we’ll charge you the cost of “additional” templates beyond those

Regular Users

Regular Users will be the team members from your own or other organisationssuch as juniors in your team, the PR Firm and its clients, accountants and so on.

RNS Templates

RNS templates are forms prescribed by the FCA to be used for ongoing reporting by public companies. On ScribeStar these are pre-formatted and ready for LSE’s RNS Submit upload

Downloads

Means producing offline versions of documents and RNS Submit ready bundles. ScribeStar lets you download Word, PDF, HTML, XML and JSON versions of documents, as well as .csv files of pre-tagged data and information.

Self-uploaded Templates

Are documents uploaded by Super Users themselves via ScribeStar’s document upload feature. It’s easy to do, but some folks like us to do it for themin that case we’ll charge you the cost of “additional” templates beyond those included in your package

Custom Small Template

These are bespoke templates created for you. Tell us what you want or give us a previous document you want us to use for this purpose. Learn more under FAQ!!

Custom Large Templates

Bespoke for you and created in the same way as small ones. The only difference is the extensiveness of the document. Learn more under FAQ!!

Additional Small Template

Any small template you ask us to upload, beyond the ones already included in your package. If you upload it yourself, it will cost you 6 times less versus asking us to do it for you.

Additional Large Template

Any large template you ask us to upload, beyond the ones already included on your package. If you upload it yourself, it will cost you 6 times less versus asking us to do it for you.

Super Users

Super Users manage other users, control the project, the document and the reporting process. Typically, this would be the General Counsel, Company Secretary, CFO, Account Manager at the PR Firm and so on.