Tokenization: Tokeny Gains Investment From Apex Group, Plans Expansion Into Institutional Digital Assets
Summary
The terms of the deal were not revealed, with Apex being labeled the strategic lead in the round, which did not mention other investors.Tokeny provides a compliant structure to create and manage digital securities. Apex also provides services like digital onboarding, bank accounts, depositary, custody and more.Tokeny, which already boasts some big-name investors, reports that it has tokenized 28 billion in assets to date. While this expectation is widely shared, markets have been slow to adopt digital securities due to intrinsic inertia and the lack of solid support from traditional financial services firms. The two sides claim their collaboration will catalyze the widespread adoption of tokenization.Peter Hughes, founder and CEO of Apex Group, said the investment is more than a financial commitment but is emblematic of their belief in the power of leveraging technology to improve financial markets.The partnership with Apex Group marks a significant milestone for Tokeny, said Luc Falempin, CEO Tokeny. In the last six years, weve meticulously developed a complete suite of solutions and a comprehensive ecosystem to support institutions on their tokenization journey.