- Tokeny announces Apex Group as a key strategic investor, strengthening its tokenization platform in the global financial sector.
- The alliance between Tokeny and Apex Group drives innovation in tokenization and highlights the use of EOS EVM technology for efficient transactions.
Luxembourg-based Tokeny has taken a step forward in investment management by announcing Apex Group, a leading fund management company, as its key strategic investor. Although the exact terms of the investment were not disclosed, the move strengthens the token's position in the financial token industry.
The growth of Apex in the world of fund management
With more than 12,000 employees and more than $2.75 billion in assets under management, Apex Group has become a major force in the fund management industry and is backed by notable institutions such as Genstar Capital, Mubadala and Carlyle. As Peter Hughes, founder and CEO of Apex Group put it, investing in Tokeny is not just a financial commitment, but an expression of confidence in the transformative power of tokenization in the financial sector.
Tokens. scalable markup platform
Tokeny stands out by providing a tailored tokenization platform that caters to a diverse customer base that includes both startups and institutions. Successful use cases include the recent issuance of a public blockchain green bond managed by ABN Amro, as well as initiatives in funds, debt, equities, commodities, B2B payment systems and stablecoins, intellectual property rights and loyalty programs.
T-REX and ERC3643 token security standards
In addition, Tokeny created the T-REX protocol, an authorized security token standard that evolved into the ERC3643 standard. This highlights his pioneering role in setting standards in the field of labelling.
Tokenization of assets worth more than 28 billion euros
Tokeny claims to have more than €28 billion ($30.8 billion) in registered assets. Although this number may seem inflated at first glance, it can be partially explained by the partnership with Inveniam, which uses tokenization to provide automated valuation services for private assets. However, according to Luc Falempi, CEO of Tokeny, this number is based on a customer survey two years ago and has likely increased significantly since then.
Token Privacy and Collaboration
Due to the nature of Tokeny's SaaS platform and the confidentiality agreements under which the company operates, many of its reviews and initiatives are not publicly visible. However, Falempin assures that Tokeny is behind many of the tokenization initiatives announced in the space.
Apex Group and its tokenization history
At the same time, Apex Group is showing continued interest in tokenization. He was the lead investor in Inveniam's $25 million Series A funding round in 2021 and then acquired a controlling stake in FundAdminChain in 2022. In addition, he participated in several iconic collaborations.
Promising financial signs for the future
The partnership between Tokeny and Apex Group not only highlights confidence in the future of tokenization, but also demonstrates both companies' commitment to innovation in the financial industry. With the growing adoption of tokenization across financial sectors, this strategic partnership between Tokeny and Apex Group is seen as an important step towards transforming the traditional financial landscape, opening up new opportunities for efficiency, transparency and accessibility in the industry.
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