Apex Group acquisition of broker Globacap to drive tokenization business in the United States.

BlockBeats news, on November 19, according to CoinDesk citing two informed sources, Apex Group, a financial service provider with assets under management exceeding $3 trillion, will acquire the London-based investment platform Globacap, which holds a U.S. regulated broker-dealer license. This acquisition will help Apex promote regulated fund tokenization projects in the U.S., as professional investors' interest in blockchain-based real-world assets (RWA) continues to grow. In March this year, the UK cryptocurrency trading platform Archax had indicated an intention to acquire Globacap's U.S. division. However, according to a recent report citing informed sources, that deal failed to materialize, and new bidders have emerged. Both Apex and Archax declined to comment on the transaction. A representative for Globacap did not immediately respond to requests for comment.