Securitize, a tokenization company, has expanded its operations by acquiring MG Stover’s fund administration business, boosting its assets under management to over $38 billion across 715 funds. This acquisition allows Securitize to enhance its institutional offerings by integrating an experienced fund administration team. MG Stover, established in 2007, provides full-service fund administration for a range of sectors, including hedge funds and digital asset funds. Securitize co-founder and CEO Carlos Domingo noted that traditional fund administrators often struggle to adapt to the complexities of digital assets, emphasizing the need for more efficient solutions in the fast-paced market. Securitize has issued over $3.3 billion in on-chain assets, with a significant portion linked to its tokenized US Treasury fund, known as BUIDL. Despite a downturn in the broader cryptocurrency market, the growth of real-world assets (RWA) has been notable, with an 11.2% increase in total value recently.

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