Apex Group, a financial services provider with more than $3 trillion in assets under management, is set to acquire London-based Globacap, an investment platform with a US regulated broker-dealer, according to two people familiar with the plans.
The acquisition will help Apex Spearhead Regulated Fund Tokenization Initiatives in the US as interest around Blockchain-based Real World Assets (RWAS) grows among professional investors.
In March, the UK’s cryptocurrency exchange Arclax said it bought GlobacapThe US division. The deal, however, has not been completed and a new bidder is in the frame, according to a Recent report That mentioned people familiar with the matter.
Apex and Archax declined to comment on the deal. Representatives for Globacap did not immediately respond to requests for comment.
Apex, which serves a wide range of clients, including alternative asset managers, allocators, financial institutions and family offices, has tokenized a portion of many funds it manages to improve operational and distribution efficiencies.
The company’s concerted push into digital assets is fueled by RWA-based blockchain acquisition specialist Tokeny in May.
Snake tokens previously partnered including Globacap, whose US broker-dealer and Alternative Trading System (ATS) are regulated by FINRA and the Securities and Exchanges Commission (SEC).
