The financial services company has adopted a pioneering approach aimed at expanding investor access and increasing efficiency in the distribution and management of funds.
Apex Group has become the first transfer agent and fund services provider to manage regulated securities using blockchain as a register. This innovative approach will give private market funds worldwide access to a more diverse and significantly more qualified investor population.
Apex Group has partnered with Hamilton Lane and Sygnum Bank to create a new digital share class and DLT registry for the Hamilton Lane GPA Fund, automating and integrating previously separate fund management functions. Tokenization of the Fund creates a digital share class and a DLT registry to manage its distribution and management.
Apex Group is regulated by the Luxembourg Financial Supervision and Surveillance Commission (CSSF) and is responsible for investor onboarding (AML/KYC), subscriptions, administration and the fund’s traditional and now digital equity Manages class transfer agency. Apex Group plans to increasingly utilize this operating model for all of its wealth management customers, enabling them to sell more products.
Apex Group CEO Peter Hughes said:
“This is a major transformation for Apex Group and for the industry as a whole. We are focused on disrupting traditional practices to bring about positive change across the financial services industry, and this is an industry advancement. This is an example of optimizing technology for
Bruce Jackson, CFA, Head of Digital Asset Funds and Businesses at Apex Group, also commented:
“Our goal is to increase access for distributors and wealth managers to alternative strategies for their clients. We use blockchain as a platform for subscription, onboarding, operations, management, and transfer agents. We will continue to use it to perfect our framework operating model for the distribution of alternative asset funds.”
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