Apex Group acquires broker Globacap to advance tokenization business in the United States

According to ChainCatcher, citing two sources familiar with the matter as reported by CoinDesk, financial services provider Apex Group, which manages over $3 trillion in assets, will acquire London-based investment platform Globacap. Globacap holds a U.S.-regulated broker-dealer license.

This acquisition will help Apex advance regulated fund tokenization projects in the U.S., as professional investors are showing increasing interest in blockchain-based real-world assets (RWA). In March this year, UK crypto trading platform Archax announced plans to acquire the U.S. division of Globacap. However, according to a recent report citing sources familiar with the matter, that deal did not go through, and a new bidder has now emerged. Both Apex and Archax declined to comment on the transaction. A representative for Globacap did not immediately respond to a request for comment.