Apex Group has expanded its digital assets capabilities with the acquisition of a majority stake in Fund Admin Chain (FAC), a distributed ledger-based network for launching, distributing, trading and settling collective investment funds.
FAC is designed to connect fund investors, fund managers and their service providers in a digital distributed ecosystem. In addition to simplifying and streamlining the investment funds’ value-chain, FAC delivers additional revenue opportunities for funds industry participants.
FAC is a pioneer in the application of new technologies to the funds industry and Apex’s position as majority shareholder will accelerate the adoption of these technologies and set a global standard for the tokenisation of funds.
This proprietary technology will facilitate greater productivity and efficiency for the Group’s clients, in particular enabling the faster and cheaper launching and distribution of funds, the ability to trade tokenised funds secondary Decentralized Finance (DeFi) markets, as well as delivering improved experiences for both fund managers and investors. FAC has also extended their roadmap to deliver and operate a regulated exchange for digital funds.
