Apex invests in Tokeny 14 December 2023Luxembourg Reporter: Lucy Carter
Image: Urupong/stock.adobe.com
Apex Group has invested in tokenisation solutions provider Tokeny as strategic lead investor.
Tokeny will integrate into Apex’s single-source solution, with the goal of encouraging financial institutions to enter the tokenised financial market.
Through the collaboration, Apex’s clients will be able to tokenise assets on the blockchain, which the firms say will reduce cost and increase revenue by accessing a wider range of investors.
Tokeny provides a complete tokenisation rail covering the entire lifecycle of tokenised securities. The firm has tokenised €28 billion in assets, and is responsible for the technical market standard ERC3643.
Peter Hughes, founder and CEO of Apex Group, says: “This investment is more than a financial commitment; it represents our belief in the transformative power of tokenisation in the financial sector. We are confident that our collaboration with Tokeny will pave the way for innovative, digitised financial solutions that meet the evolving needs of our clients and the market."
Luc Falempin, CEO of Tokeny, comments: "In the last six years, we've developed a complete suite of solutions and a comprehensive ecosystem to support institutions on their tokenisation journey. The market is in dire need of influential institutional players like Apex to drive and expedite the industry's advancement."
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Urupong/stock.adobe.com 