Apex Group to Acquire Globacap to Advance U.S. Tokenization Initiatives
Apex Group, overseeing more than $3 trillion in assets under administration, is reportedly set to acquire London-based Globacap. Globacap operates a U.S.-regulated broker-dealer and alternative trading system (ATS) regulated by FINRA and the U.S. Securities and Exchange Commission (SEC).
This acquisition aims to advance Apex's initiatives around U.S. regulated fund tokenization as demand grows for blockchain-based real-world assets among professional investors. Tokenization efforts focus on tokenizing portions of funds managed by Apex to enhance operational efficiencies and distribution.
Previously, Globacap's U.S. division was expected to be sold to Archax in March, but that deal did not close, and a new bidder—now reported to be Apex—is under consideration. Apex and Archax declined to comment on the deal, and Globacap representatives did not respond to requests for comment.
Apex had earlier acquired Tokeny, a blockchain-based real-world asset specialist, in May. Tokeny had a partnership with Globacap, further linking the firms' tokenization strategies.
