Securitize has announced the acquisition of MG Stover's fund administration business, significantly increasing its assets and ability to serve institutional clients.
Acquisition of MG Stover
Securitize has absorbed MG Stover’s fund administration business into Securitize Fund Services, its wholly owned subsidiary. Securitize Fund Services now manages more than $38 billion in assets across 715 funds.
Securitize's Response
A Securitize spokesperson informed that the acquisition pertains only to MG Stover’s fund administration business. Securitize co-founder and CEO Carlos Domingo stated that the acquisition significantly strengthens their institutional offering by adding one of the most experienced digital asset fund administration teams.
Development of the Tokenization Market
Tokenization of real-world assets (RWA) is rapidly expanding, attracting both traditional investors and crypto users. Recent partnerships and new blockchains like Converge are enhancing access to tokenized assets and decentralized finance applications.
The acquisition of MG Stover provides Securitize with new opportunities to strengthen its position in the digital asset market, particularly in fund administration.
