This week, we’re talking about the recent news of institutional adoption of digital assets and those who provide the services supporting them! Integration within the digital assets ecosystem is garnering the attention of bigger financial entities, and integration with government regulatory institutions is a big part of that.  We also have our latest research report, an Overview of Ecosystem Participants, live on our site here!  
本周，我们将聚焦有关数字资产机构级采用的最新消息及其服务供应商。数字资产生态系统内部整合正在吸引着规模更大的金融实体的注意，而与政府监管机构的整合则是其中重要一环。另外，RedBlock数字研究院最新报告《数字证券生态系统参与者概述》现已在我们的官方网站正式上线，敬请阅览！
 
Now, without further ado... 下面，让我们言归正传，步入正题。
 
 
Digital Assets in the UK 英国数字资产现状
 
Another huge economy provided regulatory clarity as Archax, a crypto assets exchange based in the UK received the distinction of being the first exchange regulated by the FCA (Financial Conduct Authority), the financial regulatory body in the United Kingdom.  More specifically, it’s being regulated as a small-medium enterprise growth market, giving it the ability to provide channels for both primary and secondary capital raising. “The authorisation covers three key areas: MTF (Multilateral Trading Facility) permissions, to allow it to operate the first ever regulated digital securities marketplace in London; CASS custody permissions, to allow it to offer a regulated custody service for both digital assets and client cash; and brokerage permissions, to allow it to face off to the widest range of participants.”  This sort of traditional bank-level infrastructure is a very powerful signifier of the increasing faith that governments have in digital asset service providers.  It almost goes without saying that this government integration paves quite the road for institutional adoption.
又有一家大型经济体开始提供明晰的监管服务，那便是Archax。Archax是一家总部设在英国的加密资产交易所，它因作为首家受英国金融监管机构FCA(金融行为监管局)监管的合规交易所而名声大噪。具体而言，Archax被定义为一个中小企业成长市场，这使其有能力为客户提供一级和二级融资渠道。“Archax获得的授权主要涵盖三大关键领域，分别是：允许其在伦敦运营首家受监管的合规数字证券市场的MTF(多边交易设施)许可；允许其为数字资产和客户资金提供受监管的托管服务的CASS托管许可以及允许其面对最广泛的参与者的经纪业务许可。” 而向这种传统的银行级基础设施提供监管并发放上述许可标志着英国政府对数字资产服务提供商的信心日益增强。
 
 
 
More Good News for Archax, SPiCE, and the Digital Securities Ecosystem at Large
对Archax、SPiCE以及整个数字证券生态系统而言的其他利好消息
 
Tying in nicely with the news of Archax’s FCA regulation this week is the fund it operates within- SPiCE.  This week, SPiCE announced that it is partnering with Coinbase Custody to provide custodianship services for its SPICE token.  As we’ve covered in earlier newsletters, the vibrance of the digital securities ecosystem is itself vital to the success and continued, voluminous use of digital securities. So it comes as quite a great bit of news. It shouldn’t be lost on anyone that Coinbase’s custody platform is also offering custodianship to Blockchain Capital, a trailblazing blockchain-based VC firm.
与本周FCA出台Archax监管法规息息相关的是其旗下基金 -- SPiCE。本周，SPiCE宣布与Coinbase Custody公司展开合作以为其SPiCE代币提供托管服务。正如我们在之前的周刊中所述，数字证券生态系统的活力本身对数字证券的成功和持续采用起着至关重要的作用。因而这是一则利好消息。大家应该还记得Coinbase的托管平台也在为开创性的区块链风投公司Blockchain Capital提供托管服务。
 
 
More and More Integration! 更多关于整合的相关资讯
 
Blockchange and Gemini, to provide what was termed an “institutional grade option for RIAs”  in a Yahoo! Finance article on the subject, have partnered to create a “secure one-stop-shop for buying, selling and storing digital assets.”  With Blockchange’s digital asset investing platform and Gemini’s crypto exchange and custodian services, the two are giving registered investment advisors the ability to avail the advantages of better returns and lower risks that come with digital assets on behalf of their clients.  This partnership is already yielding adoption, as Quantum Capital Management, which takes care of more than $125 million in assets, has said they plan to use the one-stop shop solution for the above mentioned benefits.  This solution is less a situation where Blockchange and Gemini hope to lead and others follow, but rather one born out of sensing the growing want from wealth managers who themselves are “recognizing the opportunity for strong returns from digital assets”.  This sort of institutional need is something that is so valuable to the success of digital assets, and digital asset ecosystem players are definitely here to meet that need.
致力于为雅虎主题金融文章中“RIA机构评级选项” 提供服务的Blockchange和Gemini已开始携手搭建 “一个能提供安全购买、销售和存储数字资产服务的一站式平台。” 通过将Blockchange的数字资产投资平台和Gemini的加密资产交易所与托管服务进行有机结合，这两家公司将使注册投资顾问代表客户享有数字资产所带来的更高收益与更低风险的优势。管理着超过1.25亿美元资产的量子资产管理公司（Quantum Capital Management）已明确表示计划利用这一一站式解决方案来实现上述好处，这标志着该合作将被成功采用。值得一提的是，这种解决方案的诞生并非源于Blockchange和Gemini渴望充当行业领军企业的愿望，而是在意识到来自于财富经理日益增长的需求之后应运而生的，这些经理人自身也“意识到了能够通过数字资产获得丰厚回报的机会”。这种机构级的需求对于数字资产的成功而言举足轻重，而数字资产生态系统的参与者也必然会满足此类需求。
 
The Upshot: 前文综述
● The UK is the latest country to provide close government integration, and thus regulatory clarity to the sector of digital asset exchange, with the FCAs regulation of Archax, a crypto assets exchange.
英国金融监管机构FCA(金融行为监管局)开始对加密资产交易所Archax进行合规监管，此举意味着英国成为了又一个为数字资产交易所提供紧密的政府整合及明细的监管服务的国家。
● SPiCE, an investment fund, has partnered with Coinbase’s custody platform; the latest in news of digital asset ecosystem integration.
来自数字资产生态系统整合的最新消息：投资基金SpiCE与Coinbase托管平台展开合作。
● Sensing an institutional need for the greater returns and lower risks that digital assets provide, Gemini and Blockchange have partnered to give registered investment advisors the ability to easily deal in digital assets through their combined custody, exchange, and digital asset investing solutions.
在意识到数字资产能够满足机构对增加收益并降低风险的需求后，Gemini 和 Blockchange使注册投资顾问能够通过其携手打造的联合托管、交易和数字资产投资解决方案轻松处理数字资产。