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crypto.news 2025-04-16 03:52:13

Securitize acquires MG Stover’s fund services unit, becoming the largest digital asset fund administrator

Securitize acquires MG Stover’s fund services unit, becoming the largest digital asset fund administrator

Securitize has acquired MG Stover’s fund administration business, making it the world’s largest digital asset fund administrator. The news was announced in an Apr. 15 press release, in which Securitize said its subsidiary, Securitize Fund Services, will now oversee $38 billion in assets across 715 funds following the acquisition. MG Stover, established in 2007, was one of the first companies to specialize in fund administration for digital assets and cryptocurrency. Its integration with Securitize expands the platform’s fund servicing capabilities, which already include trading infrastructure, brokerage, tokenization, and transfer agents. The deal significantly enhances SFS’s ability to serve institutional investors with a full-stack solution, combining traditional fund servicing with the efficiency and transparency of blockchain rails. Carlos Domingo, co-founder and CEO of Securitize, said the acquisition “cements our role as the most comprehensive platform for institutional grade real-world asset tokenization and fund administration.” He added that it reinforces the company’s commitment to supporting a growing base of asset issuers and investors. You might also like: NYSE parent ICE teams with Circle on stablecoin and tokenization plans Securitize has already issued over $3.3 billion in tokenized assets on-chain. That includes BUIDL, a $2.45 billion tokenized U.S. Treasury fund managed with BlackRock; Exodus, a $400 million tokenized equity; BCAP, a $150 million institutional fund; and ACRED, a $65 million private credit fund. Fund administration, primary issuance, tokenization, and secondary trading via its SEC-regulated alternative trading system are all part of the company’s integrated stack. It is also a registered transfer agent and broker-dealer. The acquisition reflects a wider trend of consolidation in the real-world asset space as institutions seek end-to-end solutions for digital finance. As reported by crypto.news on Apr. 10, according to BCG and Ripple ( XRP ), the global tokenized asset market could grow to $18.9 trillion by 2033. Securitize appears to be building for this future. Additionally, in March, Securitize announced the launch of Converge, a new blockchain built together with Ethena ( ENA ) Labs. The chain serves as a compliant foundation for the expanding RWA ecosystem by supporting tokenized asset infrastructure and institutional-grade decentralized finance. Read more: CleanSpark ends 100% HODL policy, secures $200m from Coinbase Prime

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