Latest news with #Tokeny
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
