Peter Hughes, CEO of Apex Group, has made the case that tokenization is essential for addressing distribution challenges in private credit markets. Speaking to Bloomberg, Hughes argued that the technology could connect family offices and wealth managers with institutional-grade private-market deals they have historically struggled to access.
Apex Group administers over $3.5 trillion in assets across 52 countries and holds 36 regulatory licenses. The firm is moving beyond advocacy into implementation.
Building Infrastructure
Apex acquired a majority stake in Tokeny in May 2025, expanding on a partnership that began in 2023. The acquisition provided the firm with control over T-REX Ledger, a compliance-focused issuance platform built on Polygon-based infrastructure designed for multi-chain distribution.
In July 2025, Apex launched Apex Digital 3.0, a platform that manages the complete lifecycle of tokenized assets including issuance, distribution, custody, and compliance. The firm has set a target of $100 billion in tokenized assets under administration by June 2027.
An upcoming partnership with the London Stock Exchange Group, scheduled for February 2026, is expected to expand the tokenization of private funds.
Market Adoption and Use Cases
An Apex survey conducted in May 2026 found that 50% of asset managers have adopted tokenization strategies. Among those firms, 45% reported they had already tokenized private-market assets, with private credit and private equity identified as the most popular use cases.
Hughes emphasized that the goal is facilitating real investment access rather than creating vehicles for speculative trading.
Live Products
Apex has moved into live tokenized products. The firm tokenized a Bitcoin mining-related note on Coinbase's platform and launched a tokenized real estate fund on Goldman Sachs' GS DAP platform, both administered by Apex.
