Over the next three years, the deal will see Apex Group have 100 per cent control of the company, after its initial investment in Tokeny in December 2023
The appointment signifies the company's growth across Europe, where it says it will be able to strengthen its capabilities in regulatory reporting and compliance services
In the Abu Dhabi-based role, Beelaerts will be expected to strengthen the company's presence in the MEIAM region, as well as drive innovation and strategic initiatives
The services will be delivered by Apex Malta, and will be tailored to a range of digital asset strategies as well as Coinbase's newly launched Bitcoin Yield Fund (CBYF)
Mutual Limited will transition administration for its Mutual Cash Fund, Mutual Income Fund, Mutual Credit Fund, and Mutual High Yield Fund to Apex’s fund solutions platform
The move comes amid new regulations introduced in Saudi Arabia that require firms to establish their regional base in the nation or risk losing access to lucrative government contracts