TheBlock
Apex Group has joined the Hedera Council and plans to explore the public blockchain for digital asset and tokenization initiatives, including compliance, asset lifecycle management and settlement. The global financial services provider oversees more than $3.5 trillion in assets and brings experience in fund administration and institutional infrastructure to Hedera's governance.
Why it matters
The move connects a major fund services provider with a blockchain network as institutions explore tokenized financial products. Apex's Marco Infuso, head of digital assets for Central Europe, said compliance must be embedded throughout an asset's lifecycle for institutional tokenization to scale.
Infuso pointed to ERC-3643, a standard for compliant tokenization, as part of Apex's approach to giving clients consistent controls whether assets are held in traditional or tokenized form.
Market impact
The Hedera initiative adds to Apex's existing digital asset work. Its Tokeny unit partnered with Polygon to build a blockchain for permissioned ERC-3643 tokens, with Apex as the initial onchain transfer agent.
Apex also partnered with World Liberty Financial to test USD1 stablecoin infrastructure for fund subscriptions and redemptions. In 2024, it helped launch institutional ETH and SOL staking exchange-traded products on the SIX Swiss Exchange. The Hedera work remains exploratory rather than an announced product launch.
Frequently asked questions
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What will Apex Group explore on Hedera?
Apex plans to explore digital asset and tokenization initiatives involving asset lifecycle management, compliance and settlement.
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How much in assets does Apex Group oversee?
Apex Group oversees more than $3.5 trillion in assets.
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Why does Apex see compliance as important for tokenization?
Apex executive Marco Infuso said compliance must be embedded throughout an asset's lifecycle for institutional tokenization to scale.
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What is Apex's connection to Polygon's tokenization work?
Apex's Tokeny unit partnered with Polygon to build a blockchain for permissioned ERC-3643 tokens, with Apex serving as the initial onchain transfer agent.
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What other digital asset products has Apex supported?
Apex partnered with World Liberty Financial to test USD1 infrastructure for fund subscriptions and redemptions. It also helped launch institutional ETH and SOL staking exchange-traded products in 2024.
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