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Anchorage Digital Acquires Securitize Platform in Crypto Wealth Management Consolidation
Anchorage Digital Expands Wealth Management
- Anchorage Digital, the first federally chartered crypto bank in the US, acquired Securitize For Advisors (SFA), a platform aimed at registered investment advisors (RIAs).
- The acquisition aligns with Anchorage's strategy to enhance its regulated stablecoin and custody business.
- SFA has seen significant growth, increasing deposits and assets under management by over 4,500% in the past year.
- 99% of client assets were already custodied at Anchorage Digital Bank, making this a consolidation rather than a new venture.
Institutional Strategy and Developments
- Anchorage is expanding support for digital assets, adding 25 more for institutional clients.
- The firm maintains a valuation above $3 billion and is focusing on stablecoin operations and institutional DeFi access.
- They launched Anchorage Digital Ventures to target Bitcoin (BTC), real-world assets (RWAs), and decentralized identity projects.
- Anchorage remains the only crypto-native firm with a federal banking charter and key licenses like New York's BitLicense.
Securitize Focuses on Tokenization
- Post-acquisition, Securitize shifts focus to tokenizing real-world assets, managing over $4 billion in tokenized assets.
- It collaborates with major firms such as Apollo and BlackRock on tokenized funds and private credit products.
- Securitize secured regulatory approval for a tokenized securities trading platform in the EU.
- Plans to go public through a SPAC deal valued at $1.25 billion, intending to tokenize its equity.
The Anchorage-SFA acquisition provides RIAs with a direct, regulated path into digital assets, potentially simplifying compliance and operational risk management.