Apex Group Acquires Majority Stake in Tokeny to Boost Asset Tokenization
Apex Group has acquired a majority stake in Tokeny, a Luxembourg firm specializing in tokenizing real-world assets (RWA) on public blockchains. The acquisition aims for Apex to achieve full ownership within three years, following an initial investment in late 2023.
Key points include:
- Apex has over $3 trillion in assets under administration.
- Tokenization is increasingly viewed as crucial for capital markets.
- The process can simplify cross-border transactions, speed up settlements, and create new liquidity channels.
- Tokenized assets could reach a market value of $18 trillion by 2033, per a BCG and Ripple report.
- Tokeny's infrastructure has facilitated the tokenization of over $32 billion in assets.
- Apex plans to integrate Tokeny’s team and tools to enhance its blockchain-based finance offerings.
CEO Peter Hughes emphasized that this partnership is vital for Apex's vision of becoming a leading infrastructure provider in digital finance.