- Tokeny announces Apex Group as its main strategic investor, strengthening its tokenization platform in the global financial sector.
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Luxembourg-based tokenization company Tokeny has made a breakthrough in its investment management, announcing that Apex Group, a leading fund management firm, has become its lead strategic investor. Although the exact terms of the investment have not been disclosed, this move strengthens Tokeny’s position in the financial tokenization sector.
Apex’s Rise in the World of Fund Management
Apex Group, which has grown to become a major force in the fund management sector with more than 12,000 employees and assets under management exceeding $2.75 billion, is backed by reputable 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: An Expanding Tokenization Platform
Tokeny has distinguished itself by providing a compliant tokenization platform, serving a diverse clientele that includes both startups and institutions. Among its successful use cases are the public blockchain green bond issuance recently managed by ABN Amro, as well as initiatives in funds, debt, equity, 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 underscores its pioneering role in setting standards in the tokenization arena.
Tokenization of Over €28 Billion in Assets
Tokeny claims to have tokenized over €28 billion ($30.8 billion) in assets. While this number might initially seem exaggerated, it is partly explained by a partnership with Inveniam, which uses tokenization to provide automated valuation services for private assets. However, according to Tokeny CEO Luc Falempin, this figure is based on a client survey two years ago and has probably 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 space.
Apex Group and Its Tokenization Track Record
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. In addition, he has been involved in several tokenization collaborations.
A Promising Future for Financial Tokenization
The partnership between Tokeny and Apex Group not only underscores confidence in the future of tokenization, but also demonstrates both companies’ commitment to innovation in the financial sector. With the growing adoption of tokenization in various financial domains, this strategic collaboration between Tokeny and Apex Group appears to be a crucial step towards transforming the traditional financial landscape, opening up new possibilities for efficiency, transparency and accessibility in the sector.
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