Apex Group, the firm that acquired European tokenization enabler Tokeny, has announced the launch of a new bridge to facilitate the integration of traditional finance with blockchain-based services.
In a public statement, Apex said that Apex Digital 3.0 is now available to power the next era of fund distribution.. The service is designed to support customers’ transition to digital finance, supporting liquidity and streamlining offerings.
Apex reports that it currently operates across 52 countries and services over $3.5 trillion in assets. The new service is described as a compliant single-source, end-to-end solution for digitising assets across the complete investment lifecycle, with fully integrated blockchain capabilities.
As part of the Tokeny acquisition, the following executives will play new roles in the firm. Daniel Coheur will be the Global Head of Digital Assets, Luc Falempin will be the Head of Product & Architecture for Apex Digital, and Angie Walker will be the Head of Commercialisation for Apex Digital.
Peter Hughes, founder & CEO of Apex Group, said the service is a true milestone for their business.
“We aim to enable institutional adoption of digital assets by ensuring that regulatory and compliance requirements are met across the globe and giving confidence to all investors that these new investment products bear a similar risk profile to traditional asset classes when structured institutionally.”
Apex Group was founded in Bermuda in 2003, providing fund and asset servicing with a team of over 13,000 professionals.