Other founding members include Truleum Venture Partners, Tokeny, Disrupt.com, and Zamanat

Dubai, UAE, July 25, 2025 – Apex Group, a fund administrator overseeing $3.4 trillion, and ZIGChain have formed a strategic alliance to introduce the region’s first regulated, on-chain fund ecosystem, with a focus on real-world asset (RWA) tokenization. This initiative is a collaboration with founding members Truleum Venture Partners, Tokeny, Disrupt.com, and Zamanat.

The alliance, revealed at a Dubai event, unites leaders in fund administration, tokenization compliance, asset management, and regulatory strategy. It aims to create a modular, Shariah-compliant infrastructure for managing tokenized funds—deployed on ZIGChain and designed for institutional use.

This represents a significant advancement in the institutional adoption of tokenized finance. By tokenizing entire fund structures, rather than individual assets, blockchain integration becomes more practical for large financial institutions. For Apex Group, this move signifies a strategic focus on Web3 infrastructure, building on its acquisition of Tokeny and expanding into on-chain fund ecosystems, where regulations allow.

“This is the institutional blueprint for unlocking the global fund market,” said Abdul Rafay Gadit, Co-founder of ZIGChain. “The combined strengths of Apex Group, Tokeny, and Truleum on ZIGChain create an institutional-grade foundation for a new era of on-chain capital markets. This partnership with a major financial institution is a significant step in making tokenization mainstream.”

Apex Group provides fund administration, financial infrastructure, and regulatory services in over 50 countries, managing $3.4 trillion in assets. Its subsidiary, Tokeny, is the creator of ERC-3643, a leading standard for permissioned digital securities.

“This alliance extends Apex Group’s mission to modernize fund infrastructure globally,” said Christiane El Habre, Managing Director, Apex Group – Middle East. “We are pleased to support this innovative initiative and promote compliant tokenization across new markets and asset classes.”

The alliance signifies a long-term commitment to integrating tokenization into the global fund ecosystem. By providing programmable, compliant fund structures with regulatory safeguards, asset managers can operate more efficiently, scale globally, and access new distribution channels in compliance with regulations.

“Tokenization enhances fund management through programmability, transparency, and rapid settlement, while maintaining regulatory compliance. When implemented within a strong regulatory framework, it allows asset managers to launch compliant, modular funds with greater operational efficiency and global reach. This alliance is a crucial step toward integrating these capabilities at an infrastructure level,” said Dr. Bhaskar Dasgupta, Chairman of the Middle East Stablecoin Association and member of the UAE Securities & Commodities Authority’s Asset Management Industry Panel.

This alliance reflects a broader trend in institutional finance, where traditional asset managers are increasingly exploring blockchain-based infrastructure to modernize fund operations. With the global asset management industry reaching in 2024, the potential for tokenized, programmable fund structures is substantial and growing rapidly.

Zamanat, a founding member and native ZIGChain dApp, is pursuing over $3 billion in tokenized fund strategies through this framework. Additional institutions and service providers are in discussions to join the alliance, indicating growing interest in the Middle East and beyond.

As momentum increases, ZIGChain aims to become the primary settlement layer for compliant, institution-ready fund infrastructure, driving the next phase of growth in on-chain asset management.

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About ZIGChain

ZIGChain is a Layer 1 blockchain designed to broaden access to investment opportunities and promote financial inclusion, regardless of income, technical skills, or location. It enables developers and institutions to create scalable, compliant protocols for profit-sharing, fund tokenization, and real-world asset management.

Its ecosystem includes a licensed social investment platform connecting over 600,000 users with more than 150 professional portfolio managers. ZIGChain also supports Zamanat, a Shariah-compliant real-world asset (RWA) tokenization platform, integrating ethical finance with blockchain infrastructure.

For more information about ZIGChain, please visit

About Apex Group

Apex Group is committed to driving positive change in financial services and supporting the growth of asset managers, allocators, financial institutions, and family offices. Founded in Bermuda in 2003, the Group has consistently innovated within the industry. Today, Apex Group leads in fund and asset servicing with its single-source solution and unified cross asset-class platform, leveraging technology and expertise from over 13,000 professionals.

Apex Group offers a wide range of services, including capital raising, business and corporate management, fund and investor administration, portfolio and investment administration, ESG, capital markets, and transactions support. These services are customized to each client and delivered through specialist subsidiary brands.

The Apex Foundation is the Group’s commitment to enabling sustainable change.

Media Contact:

Jake: jake@lunapr.io

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