Latest news with #PeterHughes
BBC News
6 days ago
- Business
- BBC News
Cardiff bus strike action on hold after 'improved offer'
Workers at a major bus company have suspended a planned strike after receiving an improved pay offer, a union has 450 Unite members at Cardiff Bus had planned to walk out from 17 August to 7 September in a row over the union said those plans have been put on hold while members vote on the new offer."Cardiff Bus has returned to negotiations and put an improved offer on the table. Unite has therefore suspended strike action to allow members to be balloted on the proposals," said Peter Hughes, Unite regional secretary. The union said the new offer also included proposed changes to conditions including longer breaks and improved sickness Bus have been asked to is publicly-owned, and provides a large network of services in Cardiff and the nearby towns of Penarth and Barry, Vale of Glamorgan.
Yahoo
29-06-2025
- Business
- Yahoo
Derelict site to be transformed into 'much-needed' affordable homes in Oldbury
Work on transforming a derelict care home into 'much-needed' affordable housing for people in Sandwell is expected to start in the coming weeks. Keon Homes announced it has completed the deal to purchase the disused Grafton Lodge in Oldbury which will be converted into 18 two and three bedroom properties. Bosses said work to knock down the existing building is expected to start in late summer/early autumn. READ MORE: Thousands of West Midlands people sign up to 'biggest CCTV database in the world' Planning permission was granted by Sandwell Council back in April this year and the develop said the new homes will be created with a high energy efficiency. This will be the third time Keon Homes has worked with Sandwell Council, following the completion of 36 homes at Woods Lane in Cradley Heath and initial foundation works commencing on a further 34 social housing properties at Friar Park in Wednesbury. Councillor Peter Hughes, Sandwell Council's Cabinet Member for Regeneration and Infrastructure, said: "Regenerating underused sites to create much-needed housing for local families is a key part of the council's plan to regenerate the borough. "With a total investment budget of £3bn, our borough-wide investment strategy will see over 5,000 new homes built and 15,000 new jobs created." Should fines be scrapped for term time holidays? Matt Beckley, Partnerships Director at Keon Homes, added: "Grafton Lodge is the perfect example of what can be achieved when a proactive local authority, a strategic housing association - backed by Homes England funding - work together with a developer to bring an important piece of land back to life. "Together, we have shaped a solution that will create 18 new homes that are vitally needed in Sandwell. "But this is much more than about bricks and mortar. These aren't just properties that we are building, they are opportunities for individuals and families to enjoy a brighter future in the area." Keon Homes is renewing its strong working relationship with Citizen Housing Group on this scheme. Jon Wood, Citizen Housing Group, said: "We are delighted to be working in partnership with Sandwell Council, Homes England, and with the expertise of Keon Homes to bring forward 18 high quality affordable homes at Grafton Lodge. "The homes will provide long-term security for families and individuals currently on the housing waiting list. "Designed with sustainability and community in mind, they will all be built to high standards of energy efficiency, security and accessibility." Grafton Lodge care home was threatened with closure in 2010 with the facilities deemed 'outdated' and 'too expensive to run' before eventually being deemed surplus to requirements more than a decade later.
Finextra
21-05-2025
- Business
- Finextra
Apex acquires majority stake in tokenisation firm
Fund administrator Apex Group has acquired a controlling stake in Luxembourg-based Tokeny in a move designed to spearhead a push into the tokenisation market. 2 This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Tokenisation, whereby securities are represented on a blockchain-based, distributed ledger, has been seen as a way for the investment industry to embrace digital technology and reach a broader audience of potential investors. Following an initial investment in December 2023, Apex will eventually control 100% of the company over the next three years. According to Apex, the deal shows the fund services firm's commitment to push the institutional adoption of the tokenisation as well as bolstering its own digital assets infrastructure. 'Tokenisation is a foundational shift in how assets will be managed, distributed, and accessed," said Peter Hughes, founder and CEO of Apex Group. "Our strengthened partnership with Tokeny is key to delivering on our vision to be the infrastructure provider in the digital era of finance.' 'Expanding our partnership to now being part of Apex Group enables us to move faster and serve more institutions with a truly global footprint," added Luc Falempin, Tokeny CEO. "We're proud to align with their vision to deliver tangible innovation to the financial industry.'
Yahoo
21-05-2025
- Business
- Yahoo
Apex Group Buys Majority Stake in Tokenization Specialist Tokeny as RWA Trend Soars
Apex Group, a financial services provider with more than $3 trillion in assets under administration, said on Tuesday it had acquired a majority stake in Tokeny, a Luxembourg-based firm that helps institutions tokenize real-world assets (RWA) on public blockchains. According to the deal, Apex expects to take full ownership of Tokeny over the next three years, after first investing in the company in late 2023, Apex said in a press release. The companies did not disclose the terms of the acquisition in the press release, and a spokesperson did not immediately return a request for comment. The acquisition comes as more traditional financial firms are looking at tokenization as the next frontier in capital markets, using blockchain technology for moving assets like bonds, funds and other securities. For institutional investors, the process promises simpler cross-border transactions, faster settlement and new liquidity channels. Tokenized assets could be a $18 trillion market by 2033, a report from BCG and Ripple last month projected. "Tokenization is a foundational shift in how assets will be managed, distributed, and accessed," Apex founder and CEO Peter Hughes said in a statement. "Our strengthened partnership with Tokeny is key to delivering on our vision to be the infrastructure provider in the digital era of finance." Tokeny's infrastructure has already been used to tokenize over $32 billion in assets, supporting the full life cycle of tokenized securities — from issuance to transfer to compliance — and is best known for establishing ERC-3643, a widely used standard for compliant digital asset transfers, the press release said. Apex said Tokeny's team and tools will be brought in-house, and it aims to offer clients a turnkey infrastructure for blockchain-based finance, layering smart contracts and decentralized protocols on top of its traditional in to access your portfolio
Associated Press
07-05-2025
- Business
- Associated Press
Coinbase AM Selects Apex Group to Provide Digital Fund Administration Services Amid Surge in Digital Asset Adoption
New York, New York--(Newsfile Corp. - May 7, 2025) - Apex Group, the leading global financial services provider, has announced it has been selected by Coinbase Asset Management (Coinbase AM) 1 to provide fund administration services, which will be delivered by Apex Malta, specifically tailored for digital asset strategies and its newly announced Coinbase Bitcoin Yield Fund (CBYF). This mandate further strengthens Apex Group's strategic alliance with Coinbase AM and reflects the growing institutional adoption of digital assets, driven by the increasing demand for innovative yield-generating projects like CBYF. It also aligns with the broader trend of institutional investors seeking secure, reliable solutions to integrate digital assets into their portfolios amidst heightened regulatory standards and evolving market dynamics. Peter Hughes Apex Group's Founder and CEO, says: 'We're extremely pleased to strengthen our alliance with Coinbase AM to support the launch of CBYF this month. This fund further expands global access to meet the growing demand for bitcoin yield. 'Apex Group has ten years of expertise in crypto fund administration and is committed to innovation. We also have the ability to deliver secure, reliable and scalable solutions and pride ourselves on our capacity to handle the complexities of digital asset fund administration transfer agency and distribution while adhering to fiduciary standards.' Matt Lundy, Coinbase AM's COO and CRO, says: 'The recent launch of the Coinbase Bitcoin Yield Fund has been met with incredible demand from institutional investors looking to earn yield on their Bitcoin holdings. Apex Group's experience in the digital asset space and innovative thinking have allowed us to seamlessly deliver this unique international, institutional-grade Fund with Apex Group's best-in-class administrator services to investors. We are thrilled to continue to build on our relationship with Apex Group.' Aspen Digital, an FSRA-regulated digital asset manager, also played a significant role by seeding the fund and serving as an exclusive wealth-distribution partner in the UAE and Asia. -ends- Newsroom Chanel Townsend | Head of media relations [email protected] | +447391046830 Notes to editors About Apex Group Apex Group is dedicated to driving positive change in financial services while supporting the growth and ambitions of asset managers, allocators, financial institutions, and family offices. Established in Bermuda in 2003, the Group has continually disrupted the industry through its investment in innovation and talent. Today, Apex Group sets the pace in fund and asset servicing and stands out for its unique single-source solution and unified cross asset-class platform which supports the entire value chain, harnesses leading innovative technology, and benefits from cross-jurisdictional expertise delivered by a long-standing management team and over 13,000 highly integrated professionals. Apex Group leads the industry with a broad and unmatched range of services, including capital raising, business and corporate management, fund and investor administration, portfolio and investment administration, ESG, capital markets and transactions support. These services are tailored to each client and are delivered both at the Group level and via specialist subsidiary brands. The Apex Foundation, a not-for-profit entity, is the Group's passionate commitment to empower sustainable change. 1 Coinbase Asset Management LLC and CBAM (Cayman) Ltd. SECZ, both entities are collectively referred to as Coinbase Asset Management To view the source version of this press release, please visit
