PANews reported on November 19th that, according to CoinDesk, two sources familiar with the matter revealed that Apex Group, a financial services provider with over $3 trillion in assets under management, plans to acquire Globacap, a London-based investment platform that owns a U.S.-regulated broker-dealer. This acquisition will help Apex lead the way in U.S.-regulated fund tokenization projects, amid growing interest from professional investors in blockchain-based real-world assets (RWAs).

In March of this year, UK cryptocurrency exchange Archax announced that it had acquired Globacap's US operations. However, a recent report citing sources familiar with the matter indicates that the deal fell through and new bidders have entered the fray.