What types of assets are currently being tokenized on the Apex Digital platform, and what emerging categories are gaining traction?
Apex Digital is actively tokenizing real estate, private credit, venture capital, hedge funds, and SPVs. Tokenized funds now represent 60% of what Apex Digital does, with real estate and private credit standing out as the two largest categories by volume. Beyond these established classes, large-scale infrastructure projects and energy-sector assets — including oil, mining, and gas — are emerging as the next significant frontier.
Share of Apex Digital's total tokenization activity accounted for by tokenized funds — a figure cited by Angie Walker, Global Head of Commercialization, reflecting just how dominant the fund wrapper has become as a tokenization vehicle.
The scale of Apex Digital's operation provides important context for these asset mixes. The platform grew from 31 tokenization projects to 557 in a single year — approximately 2,000% growth — and Apex Digital represents around 16% of all global crypto fund administration, backed by 13 years of sector experience. This breadth means the asset categories listed are not theoretical: they reflect active, live mandates across the Americas, EMEA, and APAC.
What makes the emerging categories particularly noteworthy is the structural fit. Infrastructure "giga projects" — multi-phase commercial developments combining hotels, conference centers, and office complexes — are well-suited to tokenization precisely because they span multiple development cycles. Similarly, energy, oil, mining, and gas projects benefit from multi-decade smart contract structures, which token architecture makes more tractable than traditional fund vehicles. These are asset classes where tokenization solves a genuine duration-mismatch problem, not just a distribution one. Explore the full episode and related discussions on The Single Source on Listenly.
"Distribution is king. Everything we do is actually all about distribution — whether that's distribution onto a chain or multiple chains, distribution to a centralized digital venue, a decentralized digital venue, or to an aggregator."
— Tom Bennett, Global Head of Fintech, Apex DigitalAbout Tom Bennett
Tom Bennett
Global Head of Fintech · Apex Digital
Tom Bennett serves as Global Head of Fintech at Apex Digital, where his work sits at the intersection of financial infrastructure and distributed ledger technology. In this episode, he appeared alongside Angie Walker, Global Head of Commercialization for Apex Digital, in a joint interview conducted by host Brian to present findings from a major tokenization survey produced in partnership with Mergermarket. The survey covered 100 senior managers across funds and private markets, spanning the Americas, EMEA, and APAC, with each respondent managing between $500 million and $5 billion in assets under management — making it a credible, representative read of where institutional tokenization adoption actually stands. Bennett's role within Apex Digital positions him to speak with authority on both the technical architecture of tokenized assets and the commercial realities shaping which asset classes move to the blockchain first. His focus on distribution — the mechanics of how tokenized assets reach investors across chains, centralized venues, decentralized venues, and aggregators — reflects the operational depth Apex Digital brings to a market where many participants remain at the theoretical stage.
See also
Among the 100 senior managers surveyed, 42% cited broadening investor access as the primary driver for tokenization, placing it far ahead of other motivations in the Apex Digital / Mergermarket report.
Angie Walker states that $124 trillion will be passed down through the generations over the coming two decades. She argues this will drive demand for tokenized assets as younger, digitally native investors inherit wealth.
Angie Walker highlights that the average traditional fund investor is in their early 50s, while the average active retail investor in DeFi is around 27 — a gap that makes tokenization a strategic imperative for firms looking to stay relevant to the next generation of capital.