Apex Group to pilot Trump-affiliated WLFI stablecoin for tokenized funds
Apex Group will pilot the USD1 stablecoin from Trump-affiliated WLFI for payments in its tokenized fund ecosystem.Summary
Apex Group, a financial services provider managing over $3.5 trillion in assets, has partnered with WLFI, a crypto company linked to Donald Trump, to test the USD1 stablecoin within its tokenized fund operations. The pilot aims to use the stablecoin as a payment rail for subscriptions, redemptions, and distributions to enhance settlement speed and reduce operational costs for institutional clients. This move aligns with Apex's broader strategy in digital assets, evidenced by recent acquisitions like Tokeny and Globacap, as clients increasingly demand blockchain-based solutions. Furthermore, Apex will explore listing WLFI tokenized assets, such as real estate, on the LSEG's Digital Market Infrastructure platform, pending regulatory approval.
(Source：CoinDesk)