Apex Group Said to Buy Broker Dealer Globacap for U.S. Tokenization Push

Apex Group, a financial-services provider managing over $3 trillion in assets, is set to acquire Globacap, a London-based platform that operates a U.S.-regulated broker-dealer. This acquisition aims to enhance Apex's initiatives in fund tokenization, responding to growing interest in blockchain-based real-world assets by professional investors. Previously, Globacap was in talks to be acquired by U.K. crypto firm Archax, but that deal fell through. Apex has been active in tokenizing portions of its managed funds to improve operational efficiency and broaden distribution. The acquisition follows Apex's earlier purchase of blockchain-based asset specialist Tokeny in May. As the regulatory landscape for digital assets evolves, Apex's move signifies a strategic shift towards integrating traditional finance with digital asset infrastructure, thereby streamlining investments in tokenized funds.

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