Apex Group, a global financial services provider, 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, supporting the adoption of tokenised finance among institutional clients.
Tokeny's technology, including the ERC-3643 standard, has tokenised over US$32 billion in assets with tools for issuance, transfer, and lifecycle management of tokenised securities.
The acquisition aligns with Apex Group's strategy to enhance asset servicing using blockchain, smart contracts, and decentralised protocols for increased efficiency and transparency.