- Tokeny announces Apex Group as its lead strategic investor, strengthening its tokenization platform in the global financial sector.
- The alliance between Tokeny and Apex Group drives innovations in tokenization, highlighting the use of EOS EVM technology for efficient transactions.
Luxembourg-based tokenization company Tokeny has made a breakthrough in its investment management, announcing that Apex Group, a leading fund management company, has become its lead strategic investor. Although the exact terms of the investment were not disclosed, this move strengthens Tokeny’s position in the financial tokenization sector.
The rise of Apex in the world of fund management
Apex Group, which has grown into a major force in the fund management industry with over 12,000 employees and assets under management of over $2.75 billion, is backed by renowned entities such as Genstar Capital, Mubadala and Carlyle. The investment in Tokeny is not just a financial commitment, but a statement of belief in the transformative power of tokenization in the financial sector, as expressed by Peter Hughes, Founder and CEO of Apex Group.
Tokeny: a growing tokenization platform
Tokeny has differentiated itself by offering a compliant tokenization platform, serving a diverse customer base including both startups and institutions. Successful use cases include the public issuance of green bonds via blockchain recently 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 Token security standard and ERC3643
In addition, Tokeny has created a permissioned security token standard, the T-REX protocol, which has become the ERC3643 standard. This underlines its pioneering role in setting standards in tokenization.
Tokenization of over €28 billion in assets
Tokeny claims to have tokenized more than €28 billion ($30.8 billion) in assets. While this number may seem exaggerated at first, it is partly explained by a partnership with Inveniam, which uses tokenization to provide automated valuation services for private assets. However, according to Luc Falempin, CEO of Tokeny, this figure is based on a customer survey from two years ago and has likely increased significantly since then.
Tokeny confidentiality and collaborations
Due to the nature of Tokeny’s SaaS platform and the confidentiality agreements under which it operates, many of its valuations and initiatives are not publicly visible. However, Falempin assures that Tokeny is behind a large number of tokenization initiatives announced in this area.
recommended for you
• Missed recent Bitcoin and Alt rallies? Here’s a Cryptocurrency With a 50% ROI Potential • Solana Phone Sales Skyrocket as Traders Take Advantage of BONK Arbitrage • Bitcoin Game-Changer: First Trust’s BTC Butter ETF Opens the Floodgates for Trillion-Dollar Banks to Invest in Bitcoin and push it to $80,000
Apex Group and its track record in tokenization
Meanwhile, Apex Group has shown a consistent interest in the tokenization sector. It was the lead investor in Inveniam’s $25 million Series A funding round in 2021, and subsequently acquired a majority stake in FundAdminChain in 2022. He has also been involved in several tokenization collaborations.
A promising future for financial tokenization
The collaboration between Tokeny and Apex Group not only underlines confidence in the future of tokenization, but also demonstrates both companies’ commitment to innovation in the financial sector. With the increasing adoption of tokenization in various financial domains, this strategic partnership between Tokeny and Apex Group appears to be a crucial step towards transforming the traditional financial landscape, opening up new opportunities for efficiency, transparency and accessibility in the sector .