Apex Group plans to acquire investment platform Globacap to advance its tokenization business in the US.

According to two sources familiar with the matter, Apex Group, a financial services provider with over $3 trillion in assets under management, is set to acquire Globacap, a London-based investment platform with a US-regulated brokerage license. This acquisition would help Apex advance its regulated fund tokenization project in the US, as professional investors' interest in blockchain-based real-world assets (RWAs) continues to grow. In March, UK-based cryptocurrency exchange Archax announced its intention to acquire Globacap's US division. However, according to a recent report citing sources, that deal fell through, and new bidders have emerged. (CoinDesk)