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Apex Group acquisition of broker Globacap to drive tokenization business in the United States.

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On November 19, CoinDesk reported, citing two insiders, that Apex Group, a financial services provider with Assets Under Management exceeding $3 trillion, will acquire Globacap, an investment platform headquartered in London that holds a U.S. regulated brokerage license. This acquisition will help Apex promote regulated fund tokenization projects in the U.S., as professional investors' interest in blockchain-based Real World Assets (RWA) continues to grow. In March, the UK crypto assets trading platform Archax had indicated plans to acquire Globacap's U.S. division. However, according to a recent report citing insiders, the deal was not completed, and new bidders have emerged. Both Apex and Archax declined to comment on the transaction. A representative for Globacap did not immediately respond to requests for comment.

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