Archax, a UK-regulated digital asset exchange, is poised to acquire Deutsche Digital Assets (DDA), a German crypto asset manager, as reported by CoinDesk. This strategic move significantly expands Archax's reach within the European crypto investment landscape. DDA currently manages approximately $70 million in assets, specializing in the distribution of cryptocurrency Exchange Traded Product (ETP) products to banks and asset managers across Europe. This established network offers Archax immediate access to a wider investor base. The acquisition also provides Archax with valuable licenses from the German Federal Financial Supervisory Authority (BaFin), specifically relating to portfolio management and investment advice. These licenses are crucial for offering a broader range of services within the German market and solidify Archax's regulatory compliance within the EU. The merger underscores the growing institutional interest and regulatory acceptance of digital assets. ```