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Apex Group pilots the use of Trump-associated USD1 stablecoin to support payments for tokenized funds
Techub News reports that global financial services provider Apex Group, which manages over $3.5 trillion in assets, has partnered with Trump-associated crypto company World Liberty Financial to pilot the use of its issued USD1 stablecoin as a payment tool for traditional fund operations. Apex will test USD1 within the tokenized fund ecosystem for subscription, redemption, and dividend scenarios to improve settlement speed and reduce operational costs for institutional clients. As part of the collaboration, Apex will also explore listing WLFI tokenized assets on the London Stock Exchange Group’s digital marketplace. WLFI plans to launch a mobile app that connects traditional bank accounts with digital asset wallets, making it easier for users to access tokenized assets.