Securitize, one of the largest tokenized assets, said Tuesday that the MG Stover Fund Administration business has acquired, which makes its subsidiary of Securitize Fund Services the largest manager of the Founder of Digital Assets.
The MG Stover team will now operate under Securitize Fund Services (SFS), improving the company’s institutional degree offers, the company said in a press release.
With the acquisition, SFS now supervises $ 38 billion of assets under administration in 715 funds, including the tokenized fund offers of Securitize, such as the US Treasury Fund of $ 2.45 billion Blackrock (Buidl). Securitize now offers an integrated set of services: fund management, tokens issuance, brokerage, transfer agency and an alternative negotiation system (ATS).
The agreement indicates a growing consolidation in the digital asset infrastructure space, where companies are running to build compatible platforms that reflect traditional finances but live in blockchain rails. For asset administrators, this means that they can issue tokenized values, administer and exchange them, without leaving the ecosystem.
Carlos Domingo, co -founder and CEO of Securitize, said that the acquisition “consolidated our role as the most complete platform for the tokenization of real institutional degree assets and the administration of funds.”
Asset token is perhaps the fastest growing digital asset sector, since global traditional finance companies and banks use more and more blockchains to move and manage instruments such as funds, bonds and credit. BCG and Ripple projected that the tokenized asset market will reach $ 18 billion by 2033. However, rapid growth also comes with risks, including operational inexperience, according to a Moody’s report.
Read more: the rapid growth of the tokenized funds comes with red flags: Moody’s
