The SILC Group, an alternative assets solutions provider based in Australia with more than AUD2bn (USD1.3bn) in funds under supervision, will partner with Tokeny, the institutional tokenisation solution provider in which Apex recently took a stake. Together, they aim to realise SILC’s digitalisation vision by upgrading alternative assets on to blockchain through tokenisation.
The collaboration will begin with a pilot project aimed at tokenising a test fund using Tokeny’s tokenisation infrastructure. The pilot project will assess the potential of blockchain to ultimately replace the various legacy centralised systems that are used to administer funds used by SILC to unite investors and capital seekers within the alternative assets industry.