Apex Group acquires broker Globacap to drive tokenization business in the United States

According to CoinDesk, citing two informed sources, the financial services provider Apex Group, with assets under management exceeding $3 trillion, will acquire the London-based investment platform Globacap, which holds a U.S. regulated brokerage license.

This acquisition will help Apex promote regulated fund tokenization projects in the U.S., as professional investors' interest in blockchain-based real-world assets (RWA) continues to grow. In March of this year, the UK cryptocurrency trading platform Archax indicated it was acquiring Globacap's U.S. division. However, according to a recent report citing informed sources, that deal did not go through, and new bidders have emerged. Both Apex and Archax declined to comment on the transaction. A representative for Globacap did not immediately respond to a request for comment.