Apex Group, which services more than $3.5 trillion in assets, has joined the Hedera Council and will explore using the network for its tokenization initiatives.
Summary
- Apex will participate in governing Hedera while exploring the network for its tokenization business.
- Hedera cited Apex’s experience administering regulated securities using distributed ledger technology.
- Apex’s Tokeny business established a Hedera tokenization partnership in April 2025.
Hedera announced the appointment in a Nov. 11 X post, saying the financial services provider would bring experience in digital assets, institutional market infrastructure and compliance throughout an asset’s lifecycle.
The post described Apex as the first transfer agent and fund service provider to administer regulated securities on distributed ledger technology. Its stated $3.5 trillion figure covers assets serviced by the group, with the announcement describing an exploration of Hedera for tokenization.
Apex gains a vote in Hedera network decisions
According to the Council’s governance FAQ, members vote on network pricing, software updates and treasury decisions, alongside matters such as electing directors and admitting new members. Each organization has one vote, with some decisions requiring a supermajority or unanimous consent.
Members are expected to attend meetings, participate in electronic votes, sign governance transactions, and host a network node. The Council’s framework allows up to 39 members.
The FAQ describes membership as a governance interest. Members do not pay for their seats, receive rights to treasury HBAR holdings, or become entitled to distributions from the Council. Operating a node may generate network rewards.
Building applications on Hedera is optional under the Council’s rules. Apex’s stated plan is to explore the network for its tokenization initiatives.
Tokeny established a Hedera connection in 2025
Apex’s involvement follows an existing relationship between Hedera and Tokeny, the tokenization technology business in which Apex acquired a majority stake in May 2025.
As crypto.news previously reported, Tokeny’s integration with Hedera was announced in April 2025. The agreement with the then-named HBAR Foundation brought Tokeny’s infrastructure for issuing and managing tokenized financial assets to the network.
In its partnership announcement, Tokeny said institutions could use its white-label platform to bring assets onto Hedera within weeks, or connect its onchain finance APIs to their existing systems.
The companies were already working through the nonprofit ERC-3643 Association on real-world asset tokenization. Tokeny’s technology uses the ERC-3643 standard to support the issuance, management, and distribution of tokenized assets, including funds, equities, real estate, and debt instruments.
Apex’s acquisition announcement said the controlling investment followed an initial investment and strategic partnership in December 2023. The May 2025 transaction provided for Apex to reach full control over the following three years.
At the time, Tokeny said its solutions had been used to tokenize more than $32 billion in assets. Apex said Tokeny’s staff and technology would become part of the group, whose services include fund and investor administration, capital raising, portfolio administration and transaction support.
Founded in Bermuda in 2003, Apex employed more than 13,000 professionals when the acquisition was announced. The company said Tokeny’s infrastructure had already been integrated into its offerings and used to tokenize client assets following their initial partnership.
SkyBridge selected Apex infrastructure for $300M project
Among Apex’s announced tokenization projects is a partnership involving Anthony Scaramucci’s SkyBridge Capital, which outlined plans in August 2025 to tokenize $300 million across two hedge funds on Avalanche.
According to Tokeny’s SkyBridge announcement, the project covered the Digital Macro Master Fund Ltd and Legion Strategies Ltd. Both were to use ERC-3643, with operational infrastructure supplied through Apex Digital 3.0.
The platform was described as covering fund creation, issuance, administration and distribution within a single service offering for institutional clients seeking to move funds onto blockchain infrastructure.
Scaramucci said the project represented “a significant step forward in modernizing the alternative investment landscape.” He identified transparency, liquidity and investor access as benefits the firm sought through tokenization.
The announcement placed Apex’s fund-servicing infrastructure alongside Tokeny’s technology, with Avalanche selected as the blockchain for the two funds.
SkyBridge said it wanted to bring its funds into onchain finance while showing how traditional investment operations and blockchain technology could work together.
Fasanara used Apex for tokenized fund administration
In January 2025, London-based Fasanara Capital launched its tokenized money market fund on Polygon PoS, working with Apex, Tokeny, Chainlink and Fireblocks.
The product, called the Fasanara MMF Token, or FAST, assigned Apex the fund administrator role, while Tokeny handled transfer agency. Fasanara had more than $4 billion in assets under management when the launch was announced.
Fireblocks supplied key management and wallet technology. Chainlink’s proof-of-reserve services and data feeds were designated to verify assets under management, with its Cross-Chain Interoperability Protocol supporting connectivity across networks.
