Apex Group Enters Tokenization Market by Acquiring Majority Share in Tokeny

Apex Group, a financial services organization managing over $3 trillion in assets, announced its acquisition of a majority share in Tokeny, a company located in Luxembourg that enables institutions to tokenize real-world assets on public blockchains.

Under the terms of this agreement, Apex plans to fully acquire Tokeny within the next three years, having initially invested in the firm in late 2023. The specifics of the deal have not been disclosed, and inquiries for further details were not immediately returned by the company’s representative.

This move aligns with a growing interest among conventional financial institutions in tokenization as a new avenue for capital markets, leveraging blockchain technology for asset transactions involving bonds, funds, and various securities.

For institutional investors, this approach promises to streamline international transactions, enhance settlement speed, and open up novel liquidity opportunities. According to recent projections, tokenized assets could be valued at approximately $18 trillion by 2033.

“Tokenization represents a significant transformation in asset management, distribution, and access,” stated Peter Hughes, the founder and CEO of Apex. “Our enhanced collaboration with Tokeny is essential to realizing our goal of being a key infrastructure provider in the digital finance landscape.”

Tokeny’s platform has successfully facilitated the tokenization of more than $32 billion in assets, covering the entire lifecycle of tokenized securities—from issuance to transfer and compliance. It is particularly recognized for developing ERC-3643, a prominent standard for compliant digital asset transactions.

Apex indicated that it would integrate Tokeny’s expertise and resources into its systems, aiming to provide clients with a comprehensive, ready-made infrastructure for blockchain-enabled finance by introducing smart contracts and decentralized protocols alongside its traditional financial services.