TREE NEWS update: Apex Group, which oversees $3.5 trillion in assets, has joined the Hedera Council and will explore using the Hedera network for tokenization, compliance and settlement, the firm said. The asset manager becomes the latest financial institution to take a seat on the governing body of the Hedera distributed ledger.
Apex Group joins Hedera Council to explore tokenization and settlement
AI take
A $3.5 trillion asset manager taking a council seat signals that large incumbents are engaging with public distributed ledgers at the governance layer, not just as pilots. The emphasis on compliance and settlement, rather than issuance alone, points to where institutional friction actually sits. Whether this translates into production use, and whether other council members follow with similar commitments, is the open question worth watching.
Generated by AI for reference only.
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