Securitize has taken a bold step toward dominating the digital asset fund administration space with the acquisition of MG Stover’s fund administration business. The deal, announced via press release on Monday, positions Securitize as the largest administrator in the sector, now overseeing a staggering $38 billion in assets across 715 funds through its subsidiary, Securitize Fund Services (SFS).
Founded in 2007, MG Stover earned its stripes as a pioneer in digital asset fund administration. Its integration into SFS significantly scales up Securitize’s service capabilities, expanding its already robust offerings that include tokenization, brokerage, trading infrastructure, and transfer agent services.
The move is part of Securitize’s broader mission to offer institutional investors a seamless, full-stack solution for managing digital and traditional assets. CEO and co-founder Carlos Domingo described the acquisition as a game-changing milestone that “cements our role as the most comprehensive platform for institutional-grade real-world asset tokenization and fund administration.” He emphasized the firm’s commitment to empowering both asset issuers and investors in the rapidly evolving digital finance landscape.
Securitize has been a key player in the tokenized asset space, with more than $3.3 billion worth of on-chain assets issued to date. This includes major offerings like the $2.45 billion tokenized U.S. Treasury fund BUIDL, launched in partnership with BlackRock; a $400 million tokenized equity issuance from Exodus; a $150 million institutional fund BCAP; and a $65 million private credit fund, ACRED.
With capabilities spanning fund administration, primary issuance, secondary trading through its SEC-regulated ATS, and full regulatory compliance as a registered broker-dealer and transfer agent, Securitize is increasingly becoming the go-to platform for institutions seeking entry into the tokenized economy.
The acquisition also echoes a larger trend in the digital asset space: consolidation and the race toward providing end-to-end infrastructure for real-world asset (RWA) tokenization. As highlighted in a recent BCG and Ripple report, the global tokenized asset market could balloon to $18.9 trillion by 2033—Securitize is clearly positioning itself for that future.
Additionally, In September 2024 securitize partnered with Wormhole Foundation to enhance the cross-chain functionality of its assets and allow assets issued through Securitize to take advantage of Wormhole’s blockchain interoperability framework.
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