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By Krisztian Sandor, AI Boost|Edited by Nikhilesh De
May 20, 2025, 10:00 p.m.
- Apex Group has acquired a majority stake in Tokeny, a firm specializing in tokenizing real-world assets on public blockchains.
- The acquisition aligns with a growing interest in tokenization among traditional financial firms, with reports projecting the tokenized assets balloon to a trillion-dollar market.
- Tokeny, which will be folded into Apex, has facilitated the tokenization of over $32 billion in assets and is known for its ERC-3643 standard for digital asset transfers.
Apex Group, a financial services provider with more than $3 trillion in assets under administration, said on Tuesday it had acquired a majority stake in Tokeny, a Luxembourg-based firm that helps institutions tokenize real-world assets (RWA) on public blockchains.
According to the deal, Apex expects to take full ownership of Tokeny over the next three years, after first investing in the company in late 2023, Apex said in a press release. The companies did not disclose the terms of the acquisition in the press release, and a spokesperson did not immediately return a request for comment.
STORY CONTINUES BELOW
The acquisition comes as more traditional financial firms are looking at tokenization as the next frontier in capital markets, using blockchain technology for moving assets like bonds, funds and other securities.
For institutional investors, the process promises simpler cross-border transactions, faster settlement and new liquidity channels. Tokenized assets could be a $18 trillion market by 2033, a report from BCG and Ripple last month projected.
“Tokenization is a foundational shift in how assets will be managed, distributed, and accessed,” Apex founder and CEO Peter Hughes said in a statement. “Our strengthened partnership with Tokeny is key to delivering on our vision to be the infrastructure provider in the digital era of finance.”
Tokeny’s infrastructure has already been used to tokenize over $32 billion in assets, supporting the full life cycle of tokenized securities — from issuance to transfer to compliance — and is best known for establishing ERC-3643, a widely used standard for compliant digital asset transfers, the press release said.
Apex said Tokeny’s team and tools will be brought in-house, and it aims to offer clients a turnkey infrastructure for blockchain-based finance, layering smart contracts and decentralized protocols on top of its traditional services.
Read more: Ripple, BCG Project $18.9T Tokenized Asset Market by 2033
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University’s business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
