Global financial services provider Apex Group announced its membership in the Hedera Council, participating in the governance of the Hedera public blockchain network and planning to explore its use for digital asset and tokenization businesses, including asset lifecycle management, compliance, and settlement. Apex Group manages over $3.5 trillion in assets. Its subsidiary, Tokeny, previously partnered with Polygon to develop a permissioned token blockchain based on the ERC-3643 standard, with Apex serving as the first on-chain transfer agent. Furthermore, Apex has collaborated with World Liberty Financial to test the application of the USD1 stablecoin in traditional fund management, including the creation and redemption of tokenized funds, and in 2024 participated in the launch of an ETH and SOL staking exchange-traded product (ETP) listed on the Swiss Stock Exchange. (The Block) https://wublock123.com/news/apex-group-joins-hedera-council-explores-asset-tokenization-settlements-71775