Apex Group, with over US$3.5 trillion in assets under management, joins Hedera Council to explore asset tokenization and settlement applications
Apex Group, a global financial services provider, announced that it has joined the Hedera Council to participate in the governance of the Hedera public blockchain network and plans to explore its use in digital assets and tokenization businesses, including asset lifecycle management, compliance and settlement. Apex Group serves more than $3.5 trillion in assets, and its Tokeny has previously partnered with Polygon to develop a permissioned token blockchain based on the ERC-3643 standard, with Apex serving as the first on-chain transfer agent. In addition, Apex has collaborated with World Liberty Financial to test the application of USD1 stablecoins in traditional fund management, including the subscription and redemption of tokenized funds, and will participate in the launch of ETH and SOL pledged exchange-traded products (ETPs) listed on the Swiss Stock Exchange in 2024. (The Block)
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