Apex Group, a financial services provider with more than $ 3 billion in assets under administration, said Tuesday that he had acquired a majority participation in Tokeny, a company based in Luxembourg that helps institutions to token assets of the real world (RWA) in public blockchains.
According to the agreement, Apex hopes to have a total property of Tokeny in the next three years, after investing for the first time in the company at the end of 2023, Apex said in a press release. The companies did not reveal the terms of the acquisition in the press release, and a spokesman did not immediately return a request for comments.
The acquisition occurs as the most traditional financial companies are considering tokenization as the next border in capital markets, using blockchain technology for mobile assets such as bonds, funds and other values.
For institutional investors, the process promises simpler cross -border transactions, faster settlement and new liquidity channels. Tokenized assets could be a $ 18 billion market by 2033, a BCG and Ripple report was screened last month.
“Tokenization is a fundamental change in how the assets will be distributed and accessed,” said the founder and CEO of Apex, Peter Hughes, in a statement. “Our association strengthened with Tokeny is key to fulfilling our vision to be the infrastructure provider in the digital age of finance.”
Tokeny’s infrastructure has already been used to tokenize more than $ 32 billion in assets, which supports the full life cycle of tokenized values, from the issuance to transfer compliance, and is better known to establish ERC-3643, a widely used standard for transfers of digital assets of compliance, according to the press release.
Apex said the Tokeny team and tools will take home, and aims to offer customers a key key infrastructure for blockchain -based finance, layers of intelligent contracts and decentralized protocols in addition to its traditional services.
Read more: RIPPLE, BCG $ 18.9T Project tokenized Assets Market for 2033
