Fund administrator Apex Group, which services more than $3.5 trillion in assets, is committing to use the T-REX Ledger as a conduit to coordinate ownership and compliance of tokenized funds and securities across multiple blockchains. The company has set a target of tokenizing $100 billion in assets under administration by June 2027.
When we spoke to Daniel Coheur, Apex’s Global Head of Digital Assets last year, he provided context for the move, and part of his belief is that consolidation of blockchains is likely. “It’s not in our interest to be operating on ten chains,” he said. “Compliance will have to be consolidated on a limited number of chains, if not on one chain.” So that single chain would be used to enforce compliance, but still enable transactions on other chains. Today Apex described T-REX as a “neutral coordination layer” and others described it as a “reference chain” for tokens using the ERC 3643 standard. But the company was keen to emphasize it doesn’t replace other chains.
“Tokenization opens the door to a new generation of distribution channels for asset managers across an increasingly diverse blockchain ecosystem,” said Peter Hughes, founder and CEO of Apex Group. “What has been missing is a neutral orchestration layer that whitelists investor identity and brings clarity to KYC and AML across these networks, so transfer agents can maintain the governance and regulatory integrity that regulated markets require.”
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