Apex Group, a global financial services provider headquartered in Bermuda, has acquired a majority stake in Tokeny, a tokenisation solutions firm based in Luxembourg.
The agreement will give Apex Group full control of Tokeny within three years, following an initial investment and strategic partnership announced in December 2023.
This development marks a step forward in Apex Group’s efforts to support the adoption of tokenised finance among institutional clients.
The integration of Tokeny’s technology and team will support Apex Group’s aim to provide digital infrastructure that improves asset liquidity and cross-border distribution.
“With majority ownership, we are strengthening our ability to offer comprehensive, future-ready solutions,”
said Peter Hughes, Founder and CEO of Apex Group.
“Tokenisation is a fundamental change in the way assets are managed, distributed and accessed. Our enhanced partnership with Tokeny supports our vision to be a key infrastructure provider in the digital era of finance.”
Tokeny’s technology, which includes the ERC-3643 standard for compliant tokenisation, has been used to tokenize more than US$32 billion in assets.
The platform offers tools for the issuance, transfer, and lifecycle management of tokenised securities.
“Becoming part of Apex Group allows us to scale our operations and reach more institutions globally,”
said Luc Falempin, CEO of Tokeny.
“Over the past six years, we’ve developed a strong infrastructure and partner network. Scaling tokenisation requires institutional reach and trust—Apex Group brings both.”
The acquisition is part of Apex Group’s broader strategy to use blockchain, smart contracts, and decentralised protocols to improve asset servicing by increasing efficiency, security, and transparency.
Featured image credit: Edited by Fintech News Switzerland, based on image by rawpixel.com via Freepik
