Odaily Planet Daily News - The UK digital asset exchange Archax will acquire the regulated German crypto asset management company Deutsche Digital Assets (DDA) to strengthen its business layout in major European financial markets such as the UK, Germany, and France. DDA currently manages approximately $70 million in assets and focuses on distributing crypto exchange-traded products (ETPs) through European banks and asset management institutions. This acquisition will bring Archax new licenses for portfolio management and investment consulting under the regulation of Germany's BaFin, enabling it to better serve institutional clients in the EU. (CoinDesk)