ChainThink news, November 19, according to a report by CoinDesk citing two informed sources, Apex Group, a financial services provider with assets under management exceeding $3 trillion, will acquire Globacap, an investment platform based in London that holds a U.S. regulated broker-dealer license.

This acquisition will help Apex advance its regulated fund tokenization initiatives in the United States, as institutional investors' interest in blockchain-based real-world assets (RWA) continues to grow.

In March this year, the UK cryptocurrency trading platform Archax had announced the acquisition of Globacap's U.S. division. However, according to a recent report citing informed sources, the deal failed to close, and there are now new bidders in the process.

Apex and Archax both declined to comment on the transaction. A representative from Globacap did not immediately respond to the request for comment.