Apex Group pilots use of Trump-linked USD1 stablecoin to support tokenized fund payments

Techub News reported, according to CoinDesk, that global financial services provider Apex Group, which manages over $3.5 trillion in assets, has partnered with the Trump-affiliated crypto company World Liberty Financial to pilot the use of its issued USD1 stablecoin as a payment tool for traditional fund business. Apex will test USD1 within the tokenized fund ecosystem for scenarios such as subscriptions, redemptions, and dividends, aiming to enhance settlement speed and reduce operational costs for institutional clients. As part of the collaboration, Apex will also explore listing WLFI's tokenized assets on the London Stock Exchange Group's digital market. WLFI plans to launch a mobile application that connects traditional bank accounts with digital asset wallets, facilitating user access to tokenized assets.