London, 26 June 2025 – BPX is pleased to announce that it is authorised by the Financial Conduct Authority (FCA) to operate as a Multilateral Trading Facility (MTF), Alternative Investment Fund Manager (AIFM), Cryptoasset Exchange and Custodian Wallet Provider.
With these institutional grade regulatory permissions in place, BPX is developing a fully integrated marketplace to support the entire lifecycle of a security. This includes issuance, trading and collateralised lending of traditional dematerialised and tokenised securities, alongside settlement and custody of tokenised securities.
BPX is also the only FCA-authorised trading venue to have passed Gate 1 of the Bank of England and FCA’s Digital Securities Sandbox (DSS).
BPX now enters its next phase: preparing for live operations and welcoming institutional participants to connect in anticipation of its first transaction.
BPX’s mission is to enhance access and liquidity for Issuers and Investors in investment funds and digital assets. Its distributed ledger technology enabled platform enables efficient tokenisation at scale, broadening investment opportunities, unlocking new liquidity sources, and facilitating capital access.
Dr. Robert Barnes, BPX Co-CEO, said: “Our vision is a marketplace of best practice, modernised for institutions, offering access through a single connection to a broader range of hard-to-access alternative assets, such as infrastructure and real estate investment funds, whether traditional or tokenised—available for issuance, trading, and use as collateral.”
Ali Celiker, BPX Co-CEO, added: “Our comprehensive regulatory permissions and integrated market infrastructure strongly position us to advance our mission: enhancing access and liquidity for issuers and investors, while leading the transformation of capital markets from legacy systems to tokenised workflows - firmly anchored in regulatory compliance and driven by innovation.”
-ENDS-
Media Contact:
Tina Kane
tina.kane@therealizationgroup.com
+44(0)7887947329
With these institutional grade regulatory permissions in place, BPX is developing a fully integrated marketplace to support the entire lifecycle of a security. This includes issuance, trading and collateralised lending of traditional dematerialised and tokenised securities, alongside settlement and custody of tokenised securities.
BPX is also the only FCA-authorised trading venue to have passed Gate 1 of the Bank of England and FCA’s Digital Securities Sandbox (DSS).
BPX now enters its next phase: preparing for live operations and welcoming institutional participants to connect in anticipation of its first transaction.
BPX’s mission is to enhance access and liquidity for Issuers and Investors in investment funds and digital assets. Its distributed ledger technology enabled platform enables efficient tokenisation at scale, broadening investment opportunities, unlocking new liquidity sources, and facilitating capital access.
Dr. Robert Barnes, BPX Co-CEO, said: “Our vision is a marketplace of best practice, modernised for institutions, offering access through a single connection to a broader range of hard-to-access alternative assets, such as infrastructure and real estate investment funds, whether traditional or tokenised—available for issuance, trading, and use as collateral.”
Ali Celiker, BPX Co-CEO, added: “Our comprehensive regulatory permissions and integrated market infrastructure strongly position us to advance our mission: enhancing access and liquidity for issuers and investors, while leading the transformation of capital markets from legacy systems to tokenised workflows - firmly anchored in regulatory compliance and driven by innovation.”
-ENDS-
Media Contact:
Tina Kane
tina.kane@therealizationgroup.com
+44(0)7887947329
About us
BPX is a regulated marketplace and infrastructure provider that aims to enhance access and liquidity for Issuers and Investors in Investment Funds and Digital Assets. Initial operations in the UK will focus on RWA-based funds, for example, real estate and money market funds, with expansion plans to other fund types and alternate investment products within a multi-jurisdiction UK and UAE offering.
BPX is authorised by the UK Financial Conduct Authority (FCA) to operate as both a Multilateral Trading Facility (MTF) and an Alternative Investment Fund Manager (AIFM). In May, BPX was added to the UK’s Cryptoasset register, becoming only the third entity to receive approval in 2025, further strengthening its position at the intersection of the law, capital markets, and distributed ledger technology. Additionally, BPX has successfully passed Gate 1 of the Bank of England/FCA Digital Securities Sandbox (DSS) and is currently progressing its Gate 2 application.
Through this combination of permissions, BPX will optimise the end-to-end investment and securities lending lifecycle for Issuers and Investors.
BPX is headquartered in London, with an entity established at the DIFC Innovation Hub in the UAE to support future expansion plans.
Learn more: www.bpx.exchange
Notes to Editors
BPX is a regulated marketplace and infrastructure provider that aims to enhance access and liquidity for Issuers and Investors in Investment Funds and Digital Assets. Initial operations in the UK will focus on RWA-based funds, for example, real estate and money market funds, with expansion plans to other fund types and alternate investment products within a multi-jurisdiction UK and UAE offering.
BPX is authorised by the UK Financial Conduct Authority (FCA) to operate as both a Multilateral Trading Facility (MTF) and an Alternative Investment Fund Manager (AIFM). In May, BPX was added to the UK’s Cryptoasset register, becoming only the third entity to receive approval in 2025, further strengthening its position at the intersection of the law, capital markets, and distributed ledger technology. Additionally, BPX has successfully passed Gate 1 of the Bank of England/FCA Digital Securities Sandbox (DSS) and is currently progressing its Gate 2 application.
Through this combination of permissions, BPX will optimise the end-to-end investment and securities lending lifecycle for Issuers and Investors.
BPX is headquartered in London, with an entity established at the DIFC Innovation Hub in the UAE to support future expansion plans.
Learn more: www.bpx.exchange
Notes to Editors
14 Jan 25 - Approved at Gate 1 of Bank of England/FCA Digital Securities Sandbox (DSS)
- The DSS was established to support the government’s objective of digitalising the UK’s financial market infrastructure. The DSS provides a regulated, live environment for exploring emerging technologies—particularly distributed ledger technology (DLT)—in the issuance, trading, and settlement of financial securities within the UK
FCA authorisations
- 27 March 2025 - Multilateral Trading Facility (MTF)
- 27 March 2025 - Alternative Investment Fund Manager (AIFM)
- 29 May 2025 - Cryptoasset Exchange and Custodian Wallet Provider
Target audience: Capital market participants such as;
- Investment, Pension, hedge and mutual funds. sovereign wealth funds, wealth managers, private banks, insurance companies, family offices.
Legal-first, digital-first architecture, establishing standards in digital assets, innovating in cooperation with industry and regulators.
Single connection to fully integrated, hybrid marketplace for:
- Traditional dematerialised and tokenised securities
- Digital twinning of traditional securities, and digital-native securities
- Exchange and OTC workflows for issuance, trading and securities lending
- Execution to post-trade (e.g. notary, asset-servicing, settlement)
- Interoperability with existing workflows.
- The DSS was established to support the government’s objective of digitalising the UK’s financial market infrastructure. The DSS provides a regulated, live environment for exploring emerging technologies—particularly distributed ledger technology (DLT)—in the issuance, trading, and settlement of financial securities within the UK
FCA authorisations
- 27 March 2025 - Multilateral Trading Facility (MTF)
- 27 March 2025 - Alternative Investment Fund Manager (AIFM)
- 29 May 2025 - Cryptoasset Exchange and Custodian Wallet Provider
Target audience: Capital market participants such as;
- Investment, Pension, hedge and mutual funds. sovereign wealth funds, wealth managers, private banks, insurance companies, family offices.
Legal-first, digital-first architecture, establishing standards in digital assets, innovating in cooperation with industry and regulators.
Single connection to fully integrated, hybrid marketplace for:
- Traditional dematerialised and tokenised securities
- Digital twinning of traditional securities, and digital-native securities
- Exchange and OTC workflows for issuance, trading and securities lending
- Execution to post-trade (e.g. notary, asset-servicing, settlement)
- Interoperability with existing workflows.