Securitize has expanded its digital asset operations by acquiring MG Stover’s fund administration business, increasing its assets under management to more than $38 billion across 715 funds. Securitize Fund Services, the subsidiary overseeing this aspect, has integrated MG Stover’s services, which cater to traditional financial sectors like hedge funds and venture capital, alongside digital asset funds. Securitize co-founder and CEO Carlos Domingo stated that the acquisition enhances their institutional offering by bringing in expertise from one of the top teams in digital asset fund administration. He emphasized that traditional fund administration systems struggle to meet the demands of the fast-paced digital asset market. With this acquisition, Securitize continues to be a major player in real-world asset (RWA) tokenization, having issued over $3.3 billion in onchain assets, including BlackRock’s tokenized US Treasury fund, BUIDL, which alone accounts for nearly $2.5 billion.

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