The collaboration centers on WLFI’s USD1 stablecoin, which Apex will test as a payment rail for subscriptions, redemptions and distributions across its tokenized fund ecosystem, it said in a press release. Apex, which provides administrative and operational services to a broad client base that includes hedge funds, pension funds, banks and family offices, said the goal is to improve settlement speed and reduce operational overhead for institutional clients.
USD1
1.0002
+0.01%