Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With offices in over 50 countries worldwide and 12,000 employees, Apex delivers an extensive range of services to asset managers, capital markets, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody and super ManCo services, business services including HR and Payroll and a pioneering ESG Ratings and Advisory service for private companies.
Peter Hughes, founder and CEO of Apex Group, said that if the United States continues to delay crypto legislation or fails to establish a clear and certain regulatory framework for digital assets, related business could flow to Asia, the Middle East, and Bermuda, and these jurisdictions may have an opportunity to fill the regulatory vacuum left by the U.S. Hughes believes Europe will not benefit as a result, and noted that the Markets in Crypto-Assets Regulation (MiCA) has evolved slowly and is relatively restrictive. The U.S. CLARITY Act is intended to clarify federal regulatory rules for digital assets and delineate the regulatory responsibilities of the SEC and the CFTC; in September, the bill failed to secure the 60 votes needed to advance in the Senate due to disputes over ethics provisions, stablecoin rewards, and other issues.
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Odaily News – Laser Digital, the digital assets division of Japanese financial group Nomura, has announced a strategic investment in ZIGChain, a Layer 1 blockchain project based in the UAE. The two parties will collaborate to advance the on-chain adoption of the private credit market in the Middle East and Gulf region, including Sharia-compliant asset products.Neither party disclosed the specific investment amount, but market sources indicate the investment is in the high single-digit millions range. ZIGChain has already partnered with Standard Chartered and crypto-friendly fund services provider Apex Group, focusing on on-chain asset management and private credit infrastructure development. (CoinDesk)
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Goldman Sachs has partnered with fund services giant Apex Group and digital asset exchange Archax to launch a tokenized real estate fund. The fund combines blockchain-native issuance with an established fund structure, with its fund shares tokenized using Goldman Sachs' blockchain platform, GS DAP. Infrastructure provider Ownera and real estate investment management firm LRC Group also participated in the fund's launch.LRC Group serves as the fund's manager, Archax acts as the custodian and first distribution partner, while Ownera is responsible for connecting participants with distribution channels. Apex Group provides alternative investment fund manager services through Fundrock LIS and asset management and custody services via Apex Fund Services Luxembourg. (coindesk)
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According to CoinDesk, Moody’s has awarded the highest rating of AAA-mf to Fidelity’s and BlackRock’s tokenized money market funds, signifying that both institutions’ products meet the highest standards in credit quality, liquidity, and capital preservation. Fidelity’s FILQ fund launched on May 6, built on Sygnum’s Desygnate tokenization platform, enabling real-time on-chain cash settlement and supported by infrastructure from J.P. Morgan, Apex Group, and Chainlink; BlackRock’s BUIDL fund launched in March 2024 and currently accounts for approximately 15% of the tokenized Treasury market.
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