According to CoinMeta, global financial services provider Apex Group has announced its joining of the Hedera council, participating in the governance of the Hedera public blockchain network, and plans to explore its use in digital assets and tokenization services, including full lifecycle management of assets, compliance, and settlement. Apex Group serves assets worth over $3.5 trillion, and its subsidiary Tokeny has previously collaborated with Polygon to develop a licensed token blockchain based on the ERC-3643 standard, with Apex acting as the first on-chain transfer agency. In addition, Apex has worked with World Liberty Financial to test the application of USD1 stablecoins in traditional fund management, including the subscription and redemption of tokenized funds, and participated in the launch of ETH and SOL collateralized exchange-traded products (ETP) listed on the Swiss Stock Exchange in 2024.