The Canton infrastructure behind Archax's tokenized gilt trade with Lloyds

Archax, the regulated digital asset platform, took part in the UK's first tokenized-deposit transaction on Canton. CatalyX took over the validator infrastructure part behind it.

September 25, 2026

Outcomes at a glance
First
UK tokenized-deposit transaction, settled on Canton
FCA-regulated
exchange, broker, and custodian
One Partner
one team, 24/7 support and dedicated management console for the validator ops
The company

Archax is a regulated digital asset exchange, broker, and custodian, based in the UK, EU and US. In January 2026, it made UK banking history with Lloyds. Lloyds Bank issued tokenized sterling deposits on the Canton Network, and Lloyds Bank Corporate Markets used them to buy a tokenized UK gilt issued by Archax, the country's first public blockchain transaction with tokenized deposits. After the trade, funds moved straight back into a standard Lloyds account.

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The challenge

An FCA-regulated venue's first UK trade on a new network leaves no room for infrastructure surprises. Archax connected to Canton and made the trade. The story is much bigger than the node.

How CatalyX and IntellectEU power it
01
CatalyX Blockchain Manager runs the Canton validator node behind Archax's on-network activity
02
Node upgrades, monitoring, and support are handled by CatalyX
03
04
05
06
The outcome
CatalyX took over the validator side, so our team could concentrate on the tokenised deposit transaction itself. It ran smoothly in the background throughout, which is exactly what you want from infrastructure.
Andrew Flatt
CTO and co-founder at Archax
Products & services used
CatalyX Blockchain Manager
Blockchain Manager
CatalyX product
Validator
Node management
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