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Apex Group Ltd. (“Apex” or “The Group”), a global financial services provider, announces today the expansion of 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...
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