Home Global Financial Firm Apex Group Joins Hedera To Explore Blockchain-based Financial Services

Global Financial Firm Apex Group Joins Hedera To Explore Blockchain-based Financial Services

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Global Financial Firm Apex Group Joins Hedera To Explore Blockchain-based Financial Services
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  • Apex Group, which oversees more than $3.5 trillion in assets, has joined the Hedera Council.
  • The partnership will explore blockchain applications for tokenization, compliance, asset management and settlement.
  • Apex Group plans to build on its existing work involving digital assets, stablecoins and blockchain-based financial products.

Apex Group Joins Hedera Council

Apex Group has joined the Hedera Council, and brings its expertise in fund administration, digital assets and financial market infrastructure to the governance of the Hedera public blockchain network.

This collaboration will help both parties explore opportunities within traditional financial services using blockchain technology. Apex Group will look at opportunities to implement Hedera across their digital assets management.

This follows increased interest from financial institutions in tokenized assets. These are digital representations of traditional assets such as shares, bonds and investment funds. Apex Group feel that ensuring compliance and investor protection will be key in developing this market.

Compliance & Tokenization

Marco Infuso, Head of Digital Assets – Central Europe at Apex Group said: “Institutional tokenization can only develop if compliance is built into your assets. We don’t just want to add compliance at the end of the process.”

Apex Group utilise the ERC-3643 standard to enable compliance within tokenization. This helps ensure that clients can easily store their assets in both traditional and tokenized formats.

This is the latest move by Apex Group into working with blockchain technology. They have partnered with Tokeny (a subsidiary) and Polygon to build blockchain infrastructure for permissioned ERC-3643 tokens. Apex Group became the first onchain transfer agent for the project.

They have also partnered with World Liberty Financial to trial USD1 stablecoin infrastructure for traditional fund administration. This includes subscription and redemption trials for tokenized funds.

Digital Assets Experience

Apex Group have also had involvement in developing digital assets products within traditional financial markets. In 2024 they were involved in the launch of institutional Ethereum and Solana staking ETPs.

Mance Harmon, Chair of the Hedera Council said: “We’re pleased to welcome Apex Group to the Hedera Council. With a strong background in private market services and a clear understanding of digital assets, they are well placed to take advantage of the increasing move away from experimentation to practicality with institutional tokenization.”

The partnership demonstrates the increasing interest in blockchain technology from traditional financial companies. Rather than just using blockchain technology for cryptocurrencies financial institutions are looking to utilise blockchain technology to improve how investment funds, digital assets and other financial products are managed and settled.

Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV

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