APEX financial giant continues shopping tour | Luxembourg word

The APEX Group has announced the takeover of a majority stake at the Luxembourg financial service provider Tekeny, the leading provider of tokenization solutions for companies. The transaction, in which the Apex Group will take over 100 percent control over the next three years, follows the first investment and strategic partnership with Tekeny announced in December 2023.

Peter Hughes, founder and CEO of the Apex Group, says: « Tokenization is a fundamental change in the way assets manage, distributed and accessed. Our reinforced partnership with tokeny is the key to realizing our vision, the infrastructure provider in the digital age of financial system. »

Tokeny’s solutions were used for the tokenization of assets worth over $ 32 billion. The company offers a comprehensive range of functions for output, transmission and life cycle management of tokenized securities.

The takeover of TOKENY fits the APEX Group strategy to lead the transformation of the asset service by using the blockchain technology of Web3 as well as decentralized protocols and intelligent contracts.

The APEX Group was in 2003 by Peter Hughes Founded on the Bermudas and is now a global financial service company with over 12,000 employees in 45 countries, including more than 1,300 in Luxembourg.

In January 2018, Apex acquired Warburg’s wealth management and service business and took over Lri Invest, who is now part of Fundrock, a subsidiary of Apex. In 2023, Apex also acquired the third-party asset service activities from Edmond de Rothschild in Luxembourg.