Apex Joins Hedera Council, Bringing $3.5 Trillion Servicing…
By Rick Steves
AI summary of the source article
Apex Group, which services over $3.5 trillion in assets, has joined the Hedera Council. The partnership adds fund-administration and digital-asset expertise to the network's governance while Apex explores using Hedera in its tokenisation initiatives.
Why it matters
The text states the appointment "creates a closer relationship between institutional servicing and blockchain infrastructure" and "strengthens the Council at a pivotal moment, as institutional tokenization moves from experimentation to real-world adoption."
Key facts
- Apex Group services more than $3.5 trillion in assets and joined the Hedera Council.
- The agreement covers governance participation and exploration of applications, rather than a commitment to migrate assets or launch a specific fund.
- Apex's Digital 3.0 offering covers tokenisation, stablecoins, transfer agency, investor identity, proof of reserves, and digital fund servicing.
Source excerpt · FinanceFeeds
Apex Group, which services more than $3.5 trillion in assets, has joined the Hedera Council , adding fund-administration and digital-asset expertise to the governance of the public network. The appointment creates a closer relationship between institutional servicing and blockchain infrastructure, while Apex explores using Hedera within its broader tokenisation initiatives. The scale of Apex’s exi…