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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.
Techub News reports, according to CoinDesk, Coinbase Asset Management announced a partnership with fund services provider Apex Group to launch a tokenized share class of its Bitcoin Yield Fund on Base. The fund is managed by Coinbase, with Apex continuing to serve as transfer agent, maintaining records synchronized with the fund's net asset value. The tokenized shares utilize the ERC-3643 token standard, encoding investor checks directly into the token, allowing only verified investors to hold or transfer the assets, thereby replacing manual compliance checks with automated rules. The fund is currently available to non-U.S. investors, and Coinbase plans to launch a tokenized version for U.S. investors in the future.
Techub News, citing two informed sources reported by CoinDesk, financial services provider Apex Group with over $3 trillion in assets under management will acquire London-based investment platform Globacap, which holds a U.S.-regulated broker license. This acquisition will help Apex advance regulated fund tokenization projects in the U.S.
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