Apex Group Snaps Up Tokeny in Majority Stake Grab—Real-World Asset Tokenization Heats Up
Another day, another traditional finance player scrambles to buy its way into crypto relevance. Apex Group just acquired a controlling stake in Tokeny, a Luxembourg-based tokenization platform—because nothing screams innovation like legacy firms playing catch-up with blockchain.
Why it matters: The real-world asset (RWA) tokenization wave isn’t slowing down. From real estate to bonds, institutions keep trying to digitize everything that isn’t nailed down—while somehow still charging 2% management fees.
Between the lines: Tokeny’s tech lets firms issue and manage compliant security tokens. Apex gets a ready-made infrastructure to milk the RWA trend without having to build from scratch. Efficient? Sure. Revolutionary? Hardly.
The bottom line: When the suits start buying, you know the sector’s maturing. Just don’t expect them to admit they’re 10 years late to the party.