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Financial powerhouse managing $3.5 trillion in assets to oversee Trump-associated WLFI stablecoin for digital currency initiatives.
The financial behemoth managing $3.5 trillion in assets has partnered with World Liberty Financial to trial the USD1 stablecoin for fund transactions and tokenized assets.
Key points:
- Apex Group is collaborating with World Liberty Financial, a cryptocurrency firm linked to former President Donald Trump, to pilot WLFI’s USD1 stablecoin as a method of payment in conventional fund operations.
- The pilot program will evaluate the application of the USD1 stablecoin for subscriptions, redemptions, and distributions within Apex’s tokenized fund framework.
- As part of this initiative, Apex will consider listing WLFI tokenized assets on the London Stock Exchange Group’s Digital Market Infrastructure platform, while WLFI intends to develop a mobile application that connects bank accounts to digital asset wallets.
PALM BEACH, Fla. — Apex Group, a worldwide financial services provider managing over $3.5 trillion in assets, has joined forces with , the cryptocurrency firm associated with U.S. President Donald Trump, to assess the usage of a stablecoin in traditional fund operations, as announced by the companies at the World Liberty Forum at Mar-a-Lago on Wednesday.
The partnership focuses on WLFI’s USD1 stablecoin, which Apex will use as a payment rail for subscriptions, redemptions, and distributions within its tokenized fund ecosystem, according to a press release. Apex, providing administrative and operational services to a diverse clientele that includes hedge funds, pension funds, banks, and family offices, stated the aim is to enhance settlement speed and lower operational costs for institutional clients.
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Zach Witkoff, the co-founder and CEO of World Liberty, described USD1 as the infrastructure for a forthcoming financial services ecosystem during his opening remarks at the forum.
The firm has become increasingly involved in the digital asset sector, utilizing blockchain technology to tokenize parts of the funds it manages. The process of tokenizing funds, or issuing shares on blockchain platforms, can assist firms in optimizing reporting, reducing fees, and reaching a broader investor audience.
In May, Apex intensified its focus on blockchain by acquiring Tokeny, a firm based in Luxembourg known for developing infrastructure to issue and manage real-world assets (RWAs) on-chain. The company also acquired London-based Globacap, an investment platform with a U.S.-registered broker-dealer, which enhances Apex’s capacity to tokenize regulated securities in the U.S., where interest in blockchain-based RWAs is rising among asset managers.
Apex CEO Peter Hughes stated that clients “increasingly want blockchain-based solutions that deliver tangible benefits and cost savings” in a statement.
As part of the WLFI collaboration, Apex will also investigate the possibility of making WLFI tokenized assets — such as real estate and infrastructure — accessible on the London Stock Exchange Group’s (LSEG) Digital Market Infrastructure platform, pending regulatory approval. WLFI has indicated plans to introduce a mobile application that links traditional bank accounts with digital asset wallets, allowing users to access these tokenized investments.
