Financial giant with $3.5 trillion asset to pilot Trump-affiliated WLFI stablecoin for tokenized funds

The financial giant with $3.5 trillion in assets has teamed up with World Liberty Financial to test the USD1 stablecoin for fund flows and tokenized assets. What to know : Apex Group is partnering with World Liberty Financial, a crypto firm affiliated with former President Donald Trump, to pilot WLFI’s USD1 stablecoin as a payment rail in traditional fund operations. The pilot will test using the USD1 stablecoin for subscriptions, redemptions and distributions across Apex’s tokenized fund ecosystem. As part of the collaboration, Apex will explore listing WLFI tokenized assets on the London Stock Exchange Group’s Digital Market Infrastructure platform, while WLFI plans a mobile app linking bank accounts to digital asset wallets.(Coindesk)