Apex Group is providing transfer agency services for the launch of Fidelity International’s first tokenised investment product, states Apex in a press release.
The product is aimed at institutional and professional investors and is designed for on-chain processing environments with continuous liquidity access. According to the announcement, Apex supported the fund structure through digital investor onboarding, wallet whitelisting and transaction processing.
Same standards
The companies describe the launch as part of the broader use of tokenisation and on-chain workflows within regulated asset management.
Emma Pecenicic, Head of Digital Assets Distribution at Fidelity International, said tokenised funds should operate under the same standards as traditional fund structures.
“Tokenised fund models must meet the same standards as traditional fund structures,” she said. Apex’s transfer agency support helped extend “established fund operating practices into an on-chain environment”.
Often on traditional hours
Peter Hughes, Founder and CEO of Apex Group, said tokenised funds often continue to rely on traditional operating-hour processes for subscriptions and redemptions.
“Many funds operate on chain, yet their subscriptions and redemptions still depend on traditional, business hour processes,” he said.
Fidelity International also worked with infrastructure providers including Sygnum, J.P. Morgan and Chainlink on the initiative.
