Archax Limited

What Lloyd described as the first stable coin settlement trial between Visa and a major United Kingdom banking group.

They purchased the USDC through the United Kingdom regulated digital asset exchange, Archax, for the series of U.S. dollar settlements, right? So this is a use case showing the money can actually flow from point A to point B without any interruption.

The volume was booked through Lloyd's Corporate Markets.

then their branch in Jersey and transfer the visa to visa in the United States funds reach that visa in under one hour.

Yes, absolutely.

So one of the projects, one of the clients we've been involved with is Archax.

Archax tokenized the Aberdeen Money Market Fund, tokenized a number of others as well.

And through that, we also, I mentioned that we have some privacy technology that So we took that Aberdeen Money Market Fund token and created a privacy wrapper around it using the platform that we created called Silent Data.

And what that enables is the Money Market Fund to be traded and to be moved around with privacy so not everybody sees the transaction or who the parties are behind it.