Apex Group acquires broker Globacap to drive U.S. tokenization business

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, the deal has not been completed, 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.