Apex Group has become the first transfer agent and fund service provider to administer regulated securities, using blockchain as the book of record, enabling private market funds to access a more diverse and significantly larger pool of qualified investors.
In partnership with Hamilton Lane and Sygnum Bank, Apex Group created a new digital share class of the Hamilton Lane GPA fund, and a DLT registry, to automate and integrate traditionally separate fund administration functions. Tokenisation of the fund creates a digital share class, and a DLT registry to manage its distribution and administration.
Apex Group is regulated by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, to manage investor onboarding (AML/KYC), subscription, administration, and transfer agency of a fund’s traditional, and now digital share classes. Apex Group will increasingly utilise this operating model for all of its asset management clientele, which the company says in turn, will enable them to sell more of their product.
Peter Hughes, Chief Executive Officer of Apex Group, said:
“This is a game-changer for Apex Group, and the industry as a whole. We are focused on disrupting traditional practices in order to drive positive change throughout the financial services sector and this is an example of optimising technology for industry advancement.”
