Securitize announced a major acquisition, becoming the largest digital asset fund administrator after purchasing MG Stover's fund administration business.
Acquisition of MG Stover
Securitize announced the acquisition of MG Stover's fund administration business. The deal, announced in a press release on Monday, positions Securitize as the largest administrator in the sector, now overseeing $38 billion in assets through its subsidiary, Securitize Fund Services.
Expansion of Securitize Services
Founded in 2007, MG Stover established itself as a pioneer in digital asset fund administration. Its integration into SFS significantly scales up Securitize's service capabilities, expanding its robust offerings, including tokenization, brokerage, trading infrastructure, and transfer agent services.
Trends in Digital Assets
The acquisition of MG Stover reflects a larger trend toward consolidation in the digital asset space, as well as the race to provide comprehensive infrastructure for real-world asset tokenization. According to a recent BCG and Ripple report, the global tokenized asset market could balloon to $18.9 trillion by 2033.
Thus, Securitize is continuing to solidify its position in the digital asset market, addressing the growing needs of investors for a full suite of services for managing both digital and traditional assets.
