Apex Group Tokens used Polygon Labs to launch T-REX Ledger, a compliance-oriented blockchain designed to assist regulated tokenized assets move between networks without repeating investor controls and transfer restrictions.
In a Thursday announcement shared with Cointelegraph, the project said it was targeting a key friction point in tokenized markets. ERC-3643 is an Ethereum-based token standard for permissioned tokens representing real-world assets that can support compliant RWA issuance, but identity verifications, eligibility rules, and transfer restrictions often remain fragmented when the same asset is distributed across multiple blockchains.
T-REX Ledger is presented as a common compliance layer that other networks can query while billing still takes place on external networks. Built using Polygon’s Chain Development Kit and connected to Agglayer, the system is intended to act as a common registry of investor rights and transfer rules in tokenized securities.
The launch comes as financial and crypto infrastructure groups race to build infrastructure for tokenized markets. The parent company of the Up-to-date York Stock Exchange, Intercontinental Exchange, has outlined plans for a novel platform for tokenized stocks and exchange-traded funds (ETFs), while the Depository Trust and Clearing Corporation (DTCC) joined ERC-3643 association in 2025 as institutions move deeper into tokenized security and securities infrastructure.
Fixing fragmented compatibility
The release described the network as a “common source of truth” on investor eligibility and transfer rules.
The fundamental problem that T-REX aims to solve is that ERC-3643 allows the issuance of compliant documents, but does not maintain a common state of compliance across chains. The same security measures used for Ethereum and Polygon, for example, still include separate eligibility checks, identity credentials, and transfer restrictions.
Joachim Lebrun, co-founder of T-REX Network and chief blockchain officer at Tokens, told Cointelegraph that T-REX Ledger will support the issuance and lifecycle management of regulated digital securities, including bonds, funds, equities and structured products, with identity, eligibility and transfer rules embedded directly in ERC-3643 tokens.
Apex Group will act as the first onchain transfer agent and plans to adopt T-REX Ledger as the default multi-chain orchestration layer, with an initial target of $100 billion in tokenized assets by June 2027.
Related: Ethereum’s novel standard aims to set a benchmark for real-world asset tokenization
T-REX Ledger centralizes compliance logic on a dedicated chain that other networks can query, while billing remains on external chains.
Lebrun said: “The market has grown into a multi-chain world of tokenization,” and argued that T-REX Ledger has turned other blockchains into “distribution channels,” allowing regulated assets to move “wherever liquidity exists, with speed, compliance and control.”
We are entering the tokenization race
Related: SEC gives approval for Nasdaq to trial tokenized trading
T-REX advertises itself as a neutral ledger layer that can accompany players in the tokenization race. Lebrun said a security issued through the T-REX ledger “may ultimately be settled on the DTCC” because “compliance verification does not have to take place on the same network as settlement.”
The network itself will operate as a sovereign Polygon CDK network managed by a dedicated steering committee, while ERC-3643 and its compliance framework will remain open source within the ERC-3643 Association, not Polygon.
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