How T-REX Network is building T-REX Ledger, a dedicated compliance blockchain for tokenized real-world assets, with Polygon CDK and Agglayer on the Open Money Stack, backed by a $100 billion commitment from Apex Group.
T-REX Network is the team behind T-REX Ledger, a compliance blockchain for tokenized securities that’s live on testnet today, with mainnet launch coming September 2026. Apex Group, which services $3.5 trillion in assets, has committed $100 billion in tokenized assets to the network by June 2027 and will act as its first onchain transfer agent.
"When we decided to build T-REX Network, Polygon was the natural go-to partner for us to explain the vision, to validate the vision, and to look at how we leverage the expertise, the knowledge, and the technology that Polygon has been building over the years."
Daniel Coheur
Co-Founder, T-REX Network
Tokenized assets committed by Apex Group by June 2027
Assets under administration at Apex Group
Tokenized on ERC-3643, the standard T-REX Ledger runs on
The Problem
The first wave of tokenized securities skipped the hard part. Assets were issued as standard tokens with wallet whitelists, bypassing the transfer agents legally required to maintain the book of record. A wallet address cannot prove who owns it, so the rules that make a security a security, accreditation checks, investor caps, residency restrictions, could not be enforced onchain.
The result was digitalization without utility, and as tokenized assets started moving across chains it got worse: eligibility rules, transfer restrictions, and ownership records fragmented across every network the asset touched.
"What we ended up having were tokens that were not delivering utility. To deliver the utility, you need the compliance embedded in the token, so that when the token is issued it can go from one network to the other with the compliance element attached to it. This is not optional. This is mandatory."
Daniel Coheur
Co-Founder, T-REX Network
The solution
T-REX Ledger is designed as the shared compliance reference layer for tokenized assets. Investor registries, eligibility requirements, and transfer restrictions live in one place, while the rules travel with the asset wherever it moves. The network runs on ERC-3643, the token standard for regulated securities already used to tokenize over $32 billion in assets and backed by 140+ institutions including DTCC, Deloitte, ABN AMRO, and Fireblocks.
Polygon Chain Development Kit (CDK) is what made a dedicated compliance chain buildable. The open stack lets T-REX lean on a broad ecosystem to implement and maintain the network rather than engineering a chain from scratch, with settlement finalized in seconds instead of the 7-day withdrawal windows common elsewhere. Because the ledger connects through Agglayer, other blockchains will pull compliance state directly from T-REX without rebuilding their own stacks.
"Agglayer has been built to natively deliver that interoperability. For the end user, it will not be relevant on which infrastructure the token has been issued. What they want to focus on is the utility. So the token will have to go where the utility is."
Daniel Coheur
Co-Founder, T-REX Network
The results
Apex Group's $100 billion commitment is likely the largest an institution has made to a network to date, and Apex will operate as the first onchain transfer agent. The testnet is live, mainnet is slated for September 2026, and the roadmap centers on utility: an app store of vetted applications built by the network's institutional community, from compliant exchange infrastructure to privacy tooling.
"What we're building is an ecosystem of partners that are like-minded, that really believe in this technology, that believe that this technology will change the world of finance."
Daniel Coheur
Co-Founder, T-REX Network
The bottom line: T-REX needed its own chain where compliance is native and assets keep their rules wherever they travel. Polygon CDK provided the chain foundation, Agglayer makes the rules portable, and $100 billion is following.
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About
T-REX Network
T-REX Network is the industry initiative behind T-REX Ledger, a compliance blockchain for tokenized real-world assets, and home of the ERC-3643 token standard used to tokenize over $32 billion in assets. It is backed by Apex Group, the $3.5 trillion asset servicer, which acquired tokenization pioneer Tokeny in 2025 and committed $100 billion in tokenized assets to the network by June 2027.