Apex partners with WLFI to pilot USD1 for fund payments

Global asset manager Apex Group, which has $3.5 trillion in assets under management, has partnered with World Liberty Financial (WLFI), the Trump family's DeFi project, CoinDesk reported. The two companies announced at the World Liberty Forum in Mar-a-Lago that they will test USD1 as a payment method for subscriptions, redemptions, and distributions within Apex's tokenized fund ecosystem. Additionally, Apex is considering listing WLFI's tokenized assets on the London Stock Exchange Group's (LSEG) digital market infrastructure platform, while WLFI plans to launch a mobile app connecting bank accounts and digital asset wallets.