Case study

Privacy-first tokenisation with Silent Data

Archax is the first FCA regulated global digital securities exchange.

“Nirvana is [Silent Data] – the ability to get the reach and distribution of a public blockchain, but sensitive data is only viewable by the people you want to see it."

Simon Barnby

CMO

Company bio

Archax is a regulated digital asset platform based in the UK, EU, US and UAE, and targeted at professionals and institutions globally.

Founded by experts from traditional capital markets, Archax supports all types of digital assets – from unregulated cryptocurrencies through to regulated tokenised real-world assets (RWAs).

Archax also covers the full digital lifecycle from token issuance and fundraising through to trading and custody.

Archax provides the global, regulated on-chain capital markets infrastructure that allows traditional financial markets participants to bridge into the digital/crypto/DeFi space.

“Silent Data gives us granular control over who sees what on-chain, and that enables us to serve institutional clients with the privacy and scalability they expect from regulated financial infrastructure.”

Nick Donovan

Chief Revenue Officer

Challenge

As a regulated digital securities exchange, Archax operates at the intersection of public blockchain infrastructure and institutional financial markets.

Public blockchains provide transparency, interoperability and global distribution. However, institutional participants require confidentiality around transaction data, balances and counterparties.

To support institutional-grade digital securities, Archax required infrastructure that could combine the reach of public blockchain networks with enforceable privacy controls.

“Silent Data enables us to offer tokenised fund products with the granular privacy controls regulated investors demand, without sacrificing the transparency and efficiency public blockchains provide. This is exactly the kind of infrastructure the industry needs to scale.”

Graham Rodford

Co-Founder & CEO

'First Privacy-Wrapped Tokenised Funds from Aberdeen, BlackRock and More Now Available on Silent Data via Archax'

Solution

Silent Data enables privacy on public blockchain infrastructure through hardware-enforced controls.

By integrating Silent Data, Archax is able to:

Maintain the distribution and interoperability benefits of public blockchain
Control visibility of sensitive transaction data
Support regulated digital securities with privacy protections
Serve institutional clients with infrastructure aligned to their confidentiality requirements

This allows Archax to configure who can view specific on-chain data, rather than exposing all activity publicly by default.

Using Silent Data, Archax enabled the availability of tokenised money market funds from Aberdeen, BlackRock, Fidelity International, and State Street on public blockchain infrastructure with built-in, hardware-enforced privacy.

This marks the first time funds of this kind have been made accessible on a public blockchain with a privacy wrapper.

The deployment demonstrates how regulated digital asset platforms can leverage public blockchain networks while maintaining control over sensitive financial information.