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Apex Group to Acquire Broker-Dealer Globacap to Drive Tokenization Business in the US
BlockBeats News, November 19th, according to CoinDesk citing two sources familiar with the matter, Apex Group, a financial services provider with over $30 trillion in assets under management, will acquire London-based investment platform Globacap, which holds a U.S.-regulated broker-dealer license.
This acquisition will help Apex drive regulated fund tokenization projects in the U.S., as institutional investors' interest in blockchain-based real-world assets (RWA) continues to grow.
In March of this year, the UK cryptocurrency exchange Archax had announced the acquisition of Globacap's U.S. division. However, according to a recent report citing sources, the deal did not materialize, and a new bidder has now emerged.
Apex and Archax both declined to comment on the transaction. Representatives of Globacap did not immediately respond to requests for comment.
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