Apex Group, the $3.5 trillion fund administrator, has announced plans to use the T-REX Ledger as its default infrastructure for distributing tokenized funds across multiple blockchain networks, aiming to reach $100 billion in tokenized assets by June 2027. Rather than building proprietary blockchains, Apex is adopting open-source, neutral infrastructure that links compliance directly to investor identity. Each investor is verified onchain through OnchainID, consolidating KYC and AML attestations into a portable digital credential, allowing transfers only for approved wallets and automating compliance across connected chains without duplicating governance systems.
The T-REX Ledger operates on Polygon CDK and connects to other networks via Agglayer, Polygon’s interoperability protocol. This setup ensures that each chain can query a shared compliance layer in real time, maintaining regulatory integrity without ceding blockchain autonomy. Since its creation, T-REX Network has tokenized over $32 billion in assets using the ERC-3643 permissioned token standard. Apex previously acquired a majority stake in Tokeny, the Luxembourg-based tokenization solutions provider, and has already administered tokenized share classes on Polygon, demonstrating its growing commitment to blockchain-based fund administration.
Peter Hughes, CEO of Apex Group, emphasized that T-REX Ledger is designed as foundational industry infrastructure rather than a proprietary tool. He noted that a neutral orchestration layer whitelisting investor identity is critical to maintain governance and compliance across tokenized networks. Joachim Lebrun, co-founder of T-REX Network, added that ERC-3643 ensures KYC and AML rules are portable and enforceable across multiple blockchains, enabling seamless cross-chain compliance. The framework also includes a blockchain sequencer that filters suspicious transactions, along with a curated AppStore of vetted applications for institutional use.
Institutional momentum behind tokenized real-world assets continues to accelerate, with global valuations surpassing $24 billion by early 2026. Apex’s approach addresses a key operational challenge for asset managers: maintaining a single, consistent investor registry across multiple networks. By tying compliance to identity rather than wallet addresses, the firm allows institutions to scale tokenized fund offerings across jurisdictions while preserving regulatory oversight. Polygon CEO Sandeep Nailwal highlighted that the infrastructure provides both regulatory certainty and cross-chain liquidity access, bridging traditional finance with blockchain-based capital markets.
The announcement builds on Apex’s broader strategy to integrate tokenization across its operations. In 2025, the company acquired a 3.07 percent stake in London-listed CMC Markets and expanded its partnerships to develop compliance-ready infrastructure for institutional investors. Hughes framed the $100 billion target as a structural, long-term commitment, reflecting a shift from proof-of-concept initiatives to full-scale adoption of tokenized assets. As the market for digital securities grows, Apex aims to enable asset managers to offer regulated, scalable, and interoperable investment products while maintaining governance and compliance across multiple blockchain networks.
