Apex Group partners with 21X 24 September 2024Germany Reporter: Klea Neza
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Apex Group has partnered with 21X to allow Apex’s customers to list tokenised securities on the first-of-its-kind exchange.
By combining their strengths, the two companies aim to offer a comprehensive end-to-end service offering for asset managers, financial institutions, brokers, and distributors wishing to list tokenised securities on 21X’s DLT market.
Max J. Heinzle, founder and CEO of 21X, says: “Apex Group has long stated its desire to be at the forefront of the move from TradFi to DeFi markets and together we can accelerate the adoption of tokenised securities and create a more efficient, automated and cost-effective capital market."
Peter Hughes, founder and CEO of Apex Group, states: "In the dynamic landscape of fund management, staying ahead of the curve is crucial for success and asset tokenisation holds tremendous potential for transforming the fund administration and management landscape. Our partnership with 21X fits perfectly with our strategy of expanding our tokenised asset capabilities.”
Bruce Jackson, chief of Digital Asset Funds and Business at Apex Group, concludes: “We are excited to be witnessing strong client demand, and we will be listing Apex funds as soon as 21X opens for business.”
Details of the first funds to be listed on 21X will be announced in the coming days, says Apex.
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