Securitized, one of the largest tokenized asset transmitters, said on Tuesday that it had acquired the administration activity of the MG Stover fund, making its subsidiary securitize the funds for the largest digital asset funds.
The MG Stover team will now operate under fundraising (SFS), improving the company’s institutional offers, said the company.
With the acquisition, SFS now oversees $ 38 billion in assets in administration out of 715 funds, including tokenized security funds such as the US Treasury Fund of 2.45 billion Dollars in BlackRock (BUIDL). Securitize now offers an integrated suite of services: fund administration, tokens, brokerage, transfer agency and alternative commercial system (ATS).
The agreement indicates an increasing consolidation in the infrastructure space of digital assets, where companies run to build compliant platforms which reflect traditional finance but live on blockchain rails. For asset managers, this means that they can issue tokenized titles, administer and exchange them – without leaving the ecosystem.
Carlos Domingo, co-founder and CEO of Securitize, said that the acquisition “cement our role as the most complete platform for the tokenization of real institutional assets and the administration of funds”.
The tokenization of assets is perhaps the digital asset sector with the fastest growth, because traditional global financing companies and banks are using more and more blockchains to move and manage instruments such as funds, bonds and credit. BCG and Ripple projected the tokenized asset market to reach 18 dollars by 2033. However, rapid growth also includes risks, including operational inexperience, according to a Moody’s report.
Read more: The rapid growth of token funds comes with red flags: Moody’s
