Luxembourg-based tokenization company Tokeny has announced that Apex Group, a leading fund management firm, has become its main strategic investor. This investment strengthens Tokeny’s position in the financial tokenization sector. Apex Group, with over 12,000 employees and assets under management exceeding $2.75 billion, is known for its expertise in fund management and is backed by reputable entities such as Genstar Capital, Mubadala, and Carlyle.
Tokeny has established itself as a prominent player in the tokenization space by providing a compliant tokenization platform. Its clientele includes startups and institutions, and it has successfully facilitated tokenization in various domains such as funds, debt, equity, commodities, B2B payment systems, stablecoins, intellectual property rights, and loyalty programs. Tokeny has also developed the T-REX protocol, a permissioned security token standard that has become the ERC3643 standard, further solidifying its role in setting standards in tokenization.
Tokeny claims to have tokenized over €28 billion ($30.8 billion) in assets, with a significant portion of this figure attributed to its partnership with Inveniam, which provides automated valuation services for private assets. While many of Tokeny’s valuations and initiatives are not publicly visible due to confidentiality agreements, CEO Luc Falempin assures that Tokeny is behind numerous tokenization initiatives in the industry.
Apex Group has demonstrated a consistent interest in the tokenization sector, previously investing in Inveniam’s Series A funding round and acquiring a majority stake in FundAdminChain. This strategic collaboration between Tokeny and Apex Group reflects their confidence in the future of tokenization and their commitment to innovation in the financial sector.
The partnership between Tokeny and Apex Group is expected to drive further innovations in tokenization, particularly highlighting the use of EOS EVM technology for efficient transactions. With the growing adoption of tokenization in various financial domains, this collaboration is a significant step towards transforming the traditional financial landscape, offering enhanced efficiency, transparency, and accessibility in the sector.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇱🇺 |
| Sentiment | very positive |
| Relevance Score | 1 |
| People | Peter Hughes, Luc Falempin |
| Companies | Mubadala, Tokeny, Genstar Capital, Apex Group, Carlyle |
| Currencies | None |
| Securities | None |
