Securitize acquires MG Stover’s fund administration unit

Securitize has acquired the administration activities of MG Stover funds, making it the largest administrator of digital asset funds in the world.

The news was announcement In a press release of April 15, in which Securitize said that its subsidiary, Securitize Fund Services, will now supervise $ 38 billion in 715 funds after the acquisition. MG Stover, created in 2007, was one of the first companies to specialize in the administration of funds for digital assets and cryptocurrency.

Its integration with securing extends the platform’s funding capacity, which already includes commercial infrastructure, brokerage, tokenization and transfer agents. The agreement considerably improves SFS’s ability to serve institutional investors with a complete solution, combining the traditional fund service with the efficiency and transparency of blockchain rails.

Carlos Domingo, co-founder and CEO of Securitize, said that the acquisition “cement our role as the most complete platform for the tokenization of real institutional assets and the administration of the funds”. He added that he strengthens the company’s commitment to support an increasing basis of issuers and asset investors.

Securing has already issued more than $ 3.3 billion in chain tokenized assets. This includes Buidl, an US Treasury Fund of $ 2.45 billion with BlackRock; Exodus, a token equity of $ 400 million; BCAP, an institutional fund of $ 150 million; And Acred, a private credit fund of $ 65 million.

Fund administration, primary emission, tokenization and secondary trade via its alternative negotiation system regulated by the SEC are all part of the integrated company of the company. He is also a registered transfer agent and a broker.

The acquisition reflects a wider consolidation trend in real asset space while institutions are looking for end -to -end solutions for digital finance. As reported by crypto.News on April 10, according to BCG and Ripple (Xrp), the global tokenized asset market could reach $ 18.9 billion by 2033. Security seems to build for this future.

In addition, in March, Securitize announced the launch de Converge, a new blockchain built with Ethena (This one) Laboratories. The chain serves as a basis for the expansion RWA ecosystem by supporting the tokenized asset infrastructure and decentralized finance of institutional quality.