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Archax makes abrdn money market fund accessible and transferable on Algorand blockchain using Quantoz EURD electronic money token

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Algorand’s native “no-code” atomic settlement allows for efficient trading without having to rely on smart contract code

BARCELONA, Spain and LONDON and UTRECHT, The Netherlands, June 27, 2024 /PRNewswire/ — Today, the Algorand Foundation, Archax, and Quantoz Payments announced:

The first ever tokenized money market fund has arrived on Algorand following the issuance by Archax of tokenized interests in abrdn’s €3.8 billion Euro Money Market fund1.Integration between Quantoz Payments and Archax allows for the use of EURD electronic money on the Archax digital assets platform.  Native “no-code” atomic settlement of EURD/fund token in peer-to-peer secondary market transactions enables instant execution of interdependent transactions in a predefined order.

Combining robust tokenized assets, on-chain digital money, and native atomic settlement, the partners have been able to illustrate the feasibility and efficiency of moving the end-to-end investment and cash settlement process on-chain: investment, asset transfer, trading, settlement, and distributions. 

Nick Haasnoot, CEO of Quantoz Payments, comments: “The use of EURD to purchase Money Market Funds in tokenized format is a ramp up to deploy more tokenized financial instruments.  Delivery Versus Payment via regulated electronic money will form the basis of an expected wide acceptance of this product, with opportunities for both retail and institutional investors towards a variety of assets.”

Graham Rodford, CEO and co-founder of Archax, comments: “There is now real momentum building for tokenized real-world assets, and yield-bearing, regulated instruments, like money-market funds, are at the forefront of this activity.  Solving the “cash-leg” of on-chain settlement has generally proved more challenging than the “asset-leg” and the use of digitally-native money, like EURD, can be an important tool to unlock the benefits that on-chain financial markets can bring. We are pleased to be working with Algorand and Quantoz to deliver the improved transparency and efficiency that blockchain/DLT offer.”  

Russell Barlow, abrdn’s Global Head of Multi-Asset and Alternative Investment Solutions, commented: “At abrdn, we are committed to leading digital innovation in investment management and are delighted to see continued progress in this field. The development highlights the importance of institutional infrastructure providers, and we congratulate Archax, Quantoz and the Algorand Foundation on this key milestone.” 

“The future of finance is truly instant – including the instant finality of transactions. This partnership between Archax and Quantoz to bring both a digital euro and a tokenized fund to Algorand makes this a reality for registered investors across Europe,” said Eric Wragge, global head of business development and capital markets for the Algorand Foundation. “The impact of combining tokenized assets and a digital euro is significant, and we look forward to bringing even more innovation like this to Algorand’s institutional-grade, quantum-secure blockchain.”

EURD and Quantoz Payments

EURD, a programmable European Union digital euro, is issued on Algorand by Quantoz Payments, an Electronic Money Institution (EMI) authorized and regulated by the Dutch Central Bank.  EURD in issuance are more than covered by a 102% surplus of high quality liquid assets that are subject to strict Central Bank oversight and held in a bankruptcy remote foundation, Stichting Quantoz.  EURD may be created by sending funds via the SEPA payment network and holders have the right to redeem for par value at any time. 

Asset tokenization and Archax

Archax is based in London and is the first-ever firm to be authorized by the UK Financial Conduct Authority (“FCA”) as a digital securities exchange, custodian and brokerage, as well as the first to be listed on the regulator’s Cryptoasset Register.  Consistent with these regulatory permissions and its status as a distributor of abrdn products, Archax is able to a) purchase and hold fund units in bankruptcy remote trust, b) issue Algorand Standard Asset tokens representing beneficial ownership of the underlying fund units, and c) observe the Algorand blockchain to identify peer to peer transfers and ownership changes.  Additionally, given its integration with Quantoz, it is able to accept, distribute, and redeem EURD, which can be used to accept deposits, process withdrawals, distribute coupons, interest pay-outs, or dividends.

Subject to Archax onboarding procedures, qualified investors may invest in, custody, and trade the range of tokenized products available on Archax’s digital assets platform, which includes access to the abrdn’s money market funds.

To abide by AML and regulatory requirements, tokens issued by Archax may only be transferred between wallets whitelisted by Archax.

Transaction orchestration and Algorand

A unique feature of the Algorand blockchain is that atomic swap functionality – controlled exchange of assets if and only if all parties fulfill their side of the bargain- is built into the protocol itself and does not require smart contract programming. Algorand atomic swaps allow for the execution of group transactions, without counterparty risk and with precise transaction ordering, enforced by consensus, a critical requirement of several types of complex financial workflows.

In addition, atomic swaps benefit from Algorand’s instant finality, which means that all transactions are final the moment a new block is created (~ 3 seconds). All interdependent transactions that are part of an atomic swap, are guaranteed to be executed in the same block.

About Quantoz Payments and EURD

Quantoz Payments is incorporated in the Netherlands and is a 100% subsidiary of Quantoz N.V. Quantoz Payments is an issuer of electronic money in the form of e-money tokens. The Company holds an Electronic Money Institution (EMI) license from the Dutch supervisory authority, the Dutch Central Bank.

EURD is the e-money token issued by Quantoz Payments. The funds received in exchange for the e-money tokens are held by Stichting Quantoz, a bankruptcy remote entity, which ensures that these funds are safeguarded following the requirements of MiCAR. The e-money tokens in circulation are 102% overcollateralized. Quantoz Payments and Stichting Quantoz are subject to prudential supervision by DNB.

Notice: The EURD white paper will be published on quantozpay.com. EURD e-money token holders have redemption rights at any time at par value, with redemption terms outlined in the EURD White Paper.

About Archax

Archax is a global, regulated, digital asset exchange, brokerage and custodian based in London. Founded by experts from the financial markets world and backed by an accomplished advisory board, Archax offers a credible bridge between the blockchain-centric crypto community and the traditional investment space. Archax is the first-ever firm to receive FCA regulation as a digital securities exchange, custodian and brokerage. It was also the first firm to be listed on the FCA’s Cryptoasset Register as a VASP (Virtual Asset Service Provider). Archax has been designed specifically for institutional investors to trade in all types of digital assets, from cryptocurrencies to digital securities. It is built using existing, proven, resilient, scalable, high-performance exchange infrastructure, hosted in top-tier datacentre space, and integrated into the existing institutional trading workflow. For more information, go to www.archax.com.

About Algorand Foundation
Algorand’s mission is to power a world where information has integrity and innovative ideas can scale. The Algorand Foundation supports Algorand’s rapidly growing ecosystem by providing a best-in-class developer environment, supporting key infrastructure and setting technical standards, offering comprehensive support to builders and entrepreneurs, and providing the infrastructure for decentralized governance.

Founded by Turing Award-winning cryptographer Silvio Micali in 2019, Algorand has grown into a vibrant ecosystem of developers, entrepreneurs, and enterprise partners that benefit from institutional-grade certainty and resilience, while features like low fees, instant finality, and a minimal carbon footprint also appeal to the protocol’s millions of retail users. Builders of all kinds can use common programming languages like Python to develop advanced apps and protocols that solve important problems at a global scale: instant payments in war and disaster zones, self-sovereign identity for the disenfranchised, supply-chain traceability for global commerce, permissionless protocols addressing financial inclusion, and the creation of entirely new markets through tokenization, to name a few. To learn more and start your journey on Algorand, visit algorand.foundation.

1 Assets under management as at 30 April 2024, https://abrdn.kurtosysweb.com/pdfs/F_STDI_en-GB-NN_LU0966092131.pdf

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Ravelin Defense Launches Unified Brand Identity, Marking the Completion of ArmorWorks and Fox Valley Metal Tech Integration

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CHANDLER, Ariz., June 16, 2026 /PRNewswire/ — ArmorWorks Enterprises and its wholly-owned subsidiary Fox Valley Metal Tech (“FVMT”) announced today the completion of their brand integration under a unified identity: Ravelin Defense. The launch marks the culmination of the strategic integration effort following the 2024 acquisition of Fox Valley Metal Tech and its combination with ArmorWorks Enterprises, bringing together more than six decades of combined defense manufacturing expertise under one name, one brand, and one go-to-market platform. Ravelin Defense is a portfolio company of Littlejohn Capital.

About the Name
The name Ravelin Defense draws from a defense architectural reference. A ravelin is a forward-positioned, triangular fortification — a structure engineered to provide layered protection and absorb a threat before it reaches the core. The name reflects both the nature of what the company builds and how it thinks about its role in the defense industrial base.

A Platform Built on Two Proven Legacies
ArmorWorks Enterprises spent more than 30 years building its reputation as a trusted provider of survivability solutions — delivering armor systems, blast attenuating seating, crew protection, nuclear protection, and mission-critical products to the U.S. military and global defense partners. Fox Valley Metal Tech built a complementary organization as a precision metal fabricator with advanced manufacturing capabilities serving defense and industrial customers with large, complex, tight-tolerance precision enclosures. Acquired by ArmorWorks in 2024 and operating as a wholly owned subsidiary since, FVMT’s integration added manufacturing depth and precision fabrication capacity and a significant maritime customer base that materially broadened what the combined platforms support.

Since the acquisition, the two businesses have operated as one company under a unified leadership team and common strategy. All customer relationships, contracts, certifications, and points of contact remain unchanged.

Strategic Rationale
The Ravelin Defense brand reflects the completion of a deliberate platform-building strategy. The integrated company offers a unified capability spanning survivability structures, armor, precision enclosures, blast attenuating seating, nuclear security systems, signature management, and situational awareness solutions — delivered through two established locations and one cohesive leadership team. That combination positions Ravelin Defense to pursue larger, multi-domain defense programs at a scale the businesses could not have accessed independently.

Kevin Dahlin, Chief Executive Officer of Ravelin Defense says, “ArmorWorks and Fox Valley Metal Tech each built substantial credibility over the past three decades — proven capability, hard-won customer trust, and a standard of quality that defines who we are. We have been one company since 2024, and Ravelin Defense is the name that reflects that reality in the market. Operating under a unified identity gives our customers a clearer picture of the full scope of what we can deliver across Land, Sea, and Air — and opens doors to program opportunities that match the scale of what we have built.

The name has changed, but the mission remains constant: to protect and enable warfighters and global partners by delivering mission-critical and survivability solutions through innovative products and advanced manufacturing.”

About Ravelin Defense
Ravelin Defense is an integrated survivability and precision manufacturing platform serving the U.S. defense market and global partners across Land, Sea, Air, and Infrastructure domains. The company delivers mission-critical and survivability solutions — including armor systems, blast attenuating seating, precision enclosures, nuclear security, signature management, survivability structures, and situational awareness capabilities — through innovative products and advanced manufacturing.

Ravelin Defense is headquartered in Chandler, Arizona, with manufacturing operations in Green Bay, WI.

ArmorWorks Enterprises and Fox Valley Metal Tech are operating units of Ravelin Defense. All existing contracts, certifications, registrations, and customer and supplier relationships remain in full effect under the new brand.

For more information, visit www.ravelindefense.com.

About Littlejohn Capital, LLC
Littlejohn Capital is the family office of Angus C. Littlejohn Jr., founder of Littlejohn & Co., where he currently serves as Chairman Emeritus. Founded in 2013, Littlejohn Capital seeks to make control investments in small to mid-sized private companies that are undergoing strategic, operational or generational transition. For more information, visit www.littlejohncapital.com

Media Contact
Chris Tofalli
Chris Tofalli Public Relations, LLC
914-834-4334
chris@tofallipr.com

View original content:https://www.prnewswire.com/news-releases/ravelin-defense-launches-unified-brand-identity-marking-the-completion-of-armorworks-and-fox-valley-metal-tech-integration-302800596.html

SOURCE Ravelin Defense

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F-Secure and IdentifAI Take Aim at AI-Generated Scams with Deepfake Protection Launch

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Real-time deepfake detection capabilities added to F-Secure’s Scam Protection Suite, helping service providers combat increasingly convincing AI-driven scams

HELSINKI and MILAN, June 16, 2026 /PRNewswire/ — Global consumer cyber security leader F-Secure and deepfake-detection experts IdentifAI have joined forces to help digital service providers combat the rapidly rising threat of AI-generated scams. Available now through the F-Secure Embedded portfolio, Deepfake Protection adds real-time detection of AI-generated images, video, and voice to F-Secure’s Scam Protection Suite, helping consumers determine what’s real and what’s not, while closing one of the fastest-growing gaps in global scam protection. 

AI-generated scams have quickly reached crisis levels: The FBI reports that Americans lost nearly $900 million to AI-generated scams in 2025. And according to F-Secure’s latest research, more than 56% of all consumers are targeted by scammers every month, with financial scam losses doubling in the last year alone.

Generative AI is pouring fuel on the fire: cloned voices, synthetic video, and hyper-realistic fake images are turning yesterday’s clumsy phishing attempts into convincing, personalized deception. The red flags aren’t obvious anymore, and consumers are increasingly left guessing whether what they’re seeing or hearing is real. This makes deepfake detection a critical new capability for service providers looking to help customers identify manipulated content before it can be used to scam them.

“A video, a voice message, a photo — things people once trusted instinctively can now be fabricated in minutes,” said Dimi Vellikok, SVP of Product Engagement at F-Secure. “The reality is that scam protection can’t stop at suspicious links and messages anymore. Consumers are increasingly being targeted with manipulated content, and service providers need tools that address those threats too. That’s exactly why we’ve partnered with IdentifAI: to give our partners real-time deepfake detection for the consumers they serve, as part of the protection they already trust.”

Protection built for the AI era

Deepfake Protection draws on IdentifAI’s multi-modal detection technology, which analyzes images, video, and voice in real time to flag AI-generated and manipulated content. IdentifAI takes a deliberately independent approach to the problem: the company exclusively detects AI-generated content and does not build generative models itself, avoiding the conflict of interest that affects vendors who do both. That focus lets its detection keep pace as new generative models reach the market.

“Our mission is to safeguard the fundamental human right to distinguish between the artificial and the human, ensuring we all engage with the world authentically,” said Marco Ramilli, IdentifAI Founder and CEO. “In partnering with F-Secure, we have turned this vision into reality—co-creating powerful, proven solutions to counter the threat of deepfakes.”

The partnership brings together F-Secure’s network of more than 200 service-provider partners and IdentifAI’s specialist deepfake detection technology. Together, the companies aim to make trustworthy, real-time content verification a standard part of everyday consumer protection, rather than a specialist tool solely reserved for enterprises. 

The future of scam protection, available now

Deepfake Protection is available to digital service providers as part of the F-Secure Embedded portfolio, the suite of consumer-security capabilities F-Secure delivers to its service-provider partners. Through the Embedded portfolio, providers can integrate deepfake detection into the security experiences they already offer without having to build new infrastructure of their own.

About F-Secure

F-Secure is a human-first, AI-powered consumer cyber security experience company with 38 years of expertise in tackling digital threats. We help digital service providers turn trust into a high-value growth engine — protecting their customers while enabling them to live their best digital lives in a world of relentless, AI-driven scams. With billions of digital interactions secured each year, tens of millions of consumers protected globally, and over $10bn in partner value created, we deliver proven impact at scale.

About IdentifAI

IdentifAI is an Italian startup that has developed an innovative AI platform capable of detecting whether images or videos were created by humans or generative AI. Its proactive solutions promote digital integrity, protect against misinformation, and empower users to distinguish between human and AI-generated content. In July 2025, identifAI raised €5 million in a funding round led by United Ventures, reflecting a continued commitment to developing anti-deepfake technologies and promoting a secure information ecosystem. For more information: www.identifai.net | sales@identifai.net

PRESS CONTACTS:
Meghan Sawyer
Senior Public Relations Manager, US
Meghan.Sawyer@f-secure.com

Joel Latto
Public Relations Manager, EMEA
Joel.Latto@f-secure.com

IdentifAI
pr.it@identifai.net | pr.uk@identifai.net

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/f-secure/r/f-secure-and-identifai-take-aim-at-ai-generated-scams-with-deepfake-protection-launch,c4364126

 

View original content:https://www.prnewswire.com/news-releases/f-secure-and-identifai-take-aim-at-ai-generated-scams-with-deepfake-protection-launch-302801586.html

SOURCE F-Secure

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Aviso Advances Technology Modernization with Broadridge’s Wealth Platform

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TORONTO, June 16, 2026 /CNW/ — Leading Canadian wealth services provider Aviso is collaborating with global Fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR) to support the next phase of technology modernization for its Aviso Correspondent Partners business by deploying Broadridge’s Wealth Platform.

As part of its long-term strategic vision, and expanded multi-year relationship with Broadridge, Aviso is evolving the systems that support partners to enable modern, flexible technology that drives innovation, advisor productivity, and long-term growth while enhancing the overall client experience. This includes deepening its collaboration with Broadridge as part of a broader partner ecosystem.

Aviso will leverage Broadridge’s Wealth Platform, which provides a next-generation open API architecture and innovative Advisor Workstation components. The solution combines Broadridge’s technology and books and records engine with Aviso’s own capabilities and select third-party partner applications to offer a seamless, scalable experience for partners, advisors and clients.

“Our strategy is focused on delivering smarter, more agile digital experiences for our clients and advisors, while creating a strong foundation for future innovation,” said Bill Packham, President and Chief Executive Officer of Aviso. “Broadridge’s platform approach complements our vision by enabling us to integrate the best available capabilities across our own technology, Broadridge’s solutions, and other valued partners. This collaboration builds on our long-lasting relationship with Broadridge and positions us to deliver a future-ready platform that enhances advisor productivity and client experiences.”

“This expanded engagement with Aviso reflects our shared commitment to transforming and modernizing the wealth management ecosystem for advisors and their clients,” said Karin Kirkwood, President, Broadridge Canada. “We’re proud to deepen our collaboration with Aviso and play a key role in enabling their transformation. As a trusted provider of industry expertise and transformative technology, Broadridge supports large-scale modernization efforts across the financial services sector, helping forward-looking firms like Aviso lead with agility, confidence, and impact.”

The enhanced Advisor Workstation will increase advisor productivity, enable accelerated onboarding of new tools, reduce internal integration work and costs, and provide real-time access to data and insights while digitizing operations. Aviso will be better positioned to capitalize on growth opportunities while more easily responding to industry evolution and regulatory developments.

With an agile and scalable platform, Broadridge empowers wealth management firms to streamline operations, accelerate digital transformation, and unlock growth. As the Canadian wealth industry prioritizes modernization of their front- and middle-office operations, Broadridge’s integrated, future-ready platform serves as a strategic differentiator, enabling leading firms to shape the future of wealth management in Canada.  

About Broadridge

Broadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.

Our technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over $15 trillion in tokenized and traditional securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 15,000 associates in 21 countries.

For more information, visit www.broadridge.com.

About Aviso

Aviso is a leading wealth and investment services provider for the Canadian financial industry, with more than $220 billion in assets under administration and management as of May 31, 2026. Guided by our values — we care, we dare, we share, we deliver — we’re building a technology-enabled, client-centric wealth management ecosystem for partners, advisors and investors. Aviso supports over 4,600 advisors and nearly 900,000 investors.

Aviso works with over 450 partner organizations, including nearly all credit unions across Canada, as well as portfolio managers, investment dealers, insurance and trust companies, and introducing brokers. Our services include an investment and mutual fund dealer, insurance and estate planning, managed assets, online brokerage and automated investing, asset management, and custodial and carrying broker solutions. For more information, visit aviso.ca.

Media Contact:

Olivia Whalen
pro-BRWAM@prosek.com

 

SOURCE Broadridge Financial Solutions, Inc.

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