Overview
- Apex will test WLFI’s USD1 as a payment rail for fund subscriptions, redemptions and distributions across its tokenized fund ecosystem.
- The partnership was announced Feb. 18 at the World Liberty Forum at Mar-a-Lago, with Apex citing $3.5 trillion in assets under administration.
- Apex said it will explore making WLFI tokenized assets available on LSEG’s Digital Market Infrastructure, subject to regulatory approval.
- WLFI’s token rose about 10% after the announcement, outpacing bitcoin and ether, which both edged lower.
- WLFI outlined plans for a consumer app linking bank accounts to digital wallets and said USD1 will provide real-time proof of reserves powered by Chainlink.