Securitize Acquires MG Stover to Lead Digital Asset Fund Administration
Securitize has acquired MG Stover’s fund administration business, making Securitize Fund Services the largest digital asset fund administrator.
Key points:
- MG Stover's team will join Securitize Fund Services, enhancing its institutional offerings.
- Securitize Fund Services manages $38 billion across 715 funds, including a $2.45 billion tokenized U.S. Treasury fund.
- Securitize now provides services such as fund administration, token issuance, brokerage, transfer agency, and an alternative trading system.
- The acquisition reflects ongoing consolidation in the digital asset infrastructure sector.
- Asset managers can issue, administer, and trade tokenized securities within the same ecosystem.
- BCG and Ripple project the tokenized asset market to reach $18 trillion by 2033, despite operational risks identified by Moody's.
Carlos Domingo, CEO of Securitize, stated that the deal solidifies their position in real-world asset tokenization and fund administration.