Blockchains without sufficient activities will fail and those without adequate capital will need to consolidate. That’s the assessment from Daniel Coheur, the Global Head of Digital Assets at Apex Group which administers $3.5 trillion in funds. He was a co-founder of tokenization specialist Tokeny, which Apex Group recently acquired to bridge DeFi and traditional finance (TradFi).
Tokenization, and fund tokenization in particular, could prove a key factor in the success of a blockchain. Consider that the total market capitalization of crypto is currently around $4 trillion, only a little more than the assets serviced by Apex Group. US mutual funds, and their European equivalent UCITS and AIFs have a combined market capitalization of $56 trillion alone.
Today tokenized funds number in the dozens, compared to 30,000 funds that Apex Group currently services. That positions companies like Apex Group as possible kingmakers, when it comes to blockchain. This potential explains the relevance of Apex Group’s acquisition of tokenization specialist Tokeny.
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