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Apex Group, with over US$3.5 trillion in assets under management, joins Hedera Council to explore asset tokenization and settlement applications

Apex Group, a global financial services provider, announced that it has joined the Hedera Council to participate in the governance of the Hedera public blockchain network and plans to explore its use in digital assets and tokenization businesses, including asset lifecycle management, compliance and settlement. Apex Group serves more than $3.5 trillion in assets, and its Tokeny has previously partnered with Polygon to develop a permissioned token blockchain based on the ERC-3643 standard, with Apex serving as the first on-chain transfer agent. In addition, Apex has collaborated with World Liberty Financial to test the application of USD1 stablecoins in traditional fund management, including the subscription and redemption of tokenized funds, and will participate in the launch of ETH and SOL pledged exchange-traded products (ETPs) listed on the Swiss Stock Exchange in 2024. (The Block)

Source: 吴说区块链November 11, 2026 at 5:15 PM

Apex Group, with over US$3.5 trillion in assets under management, joins Hedera Council to explore asset tokenization and settlement applications

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RUM Group’s revenue in the third quarter increased by 290% year-on-year, adjusted EBITDA turned positive for the first time, and it held 94.68 BTC at the end of the period

Wu Shuo learned that RUM Group (RUM) announced its third quarter financial report for 2026, with revenue of US$96.6 million, a year-on-year increase of 290% and a quarter-on-quarter increase of 139%; adjusted EBITDA turned positive for the first time, reaching US$4.41 million, and net loss expanded to US$89.85 million year-on-year. In the first full quarter after acquiring Northern Data, the AI infrastructure business Quake AI contributed $68.2 million in revenue, accounting for more than 70% of total revenue, and the utilization rate of approximately 22,000 Nvidia GPUs reached 85%. The company has increased its shareholding ratio in Northern Data to approximately 98% and is expected to achieve full ownership in early 2027. Some of the computing power capacity originally planned to be commercialized in 2027 may be delayed. As of September 30, the company’s total liquidity was $142.3 million, including $134.4 million in cash and cash equivalents and 94.68 BTC (worth approximately $7.9 million). The company expects fourth-quarter revenue of $88 million to $94 million.

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RUM Group’s revenue in the third quarter increased by 290% year-on-year, adjusted EBITDA turned positive for the first time, and it held 94.68 BTC at the end of the period