Securitize Expands Asset Management to $38 Billion with MG Stover Acquisition

Securitize has announced a significant expansion of its asset management capabilities, now overseeing $38 billion in assets across 715 funds. This development follows the acquisition of MG Stover, a pioneer in digital asset fund administration, as revealed in a press release on April 15. The acquisition underscores Securitize’s growing influence in the realm of real-world asset (RWA) tokenization, a rapidly evolving sector within the digital finance landscape.

MG Stover, established in 2007, has been at the forefront of fund administration for digital assets and cryptocurrency. With its extensive experience, MG Stover brings a wealth of expertise to Securitize Fund Services (SFS), enhancing Securitize’s ability to lead in digital finance. The merger allows both companies to offer a comprehensive suite of services to institutional investors interested in blockchain-based finance, providing a seamless and integrated solution.

Securitize already provides a broad range of tools, including trading infrastructure, tokenization, brokerage, and transfer agent services. The addition of MG Stover significantly enhances Securitize’s fund servicing capabilities, enabling it to offer a full-stack solution that combines traditional fund administration with the efficiency and transparency of blockchain technology. This integration simplifies the management of assets on-chain for institutional investors, eliminating the need for multiple service providers.

Carlos Domingo, co-founder and CEO of Securitize, emphasized the strategic importance of this acquisition, stating that it solidifies Securitize’s position as the leading platform for institutional-grade real-world asset tokenization and fund administration. Securitize has already issued over $3.3 billion in tokenized assets on-chain, including notable projects such as 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. These initiatives demonstrate Securitize’s commitment to leveraging digital assets for both issuers and investors.

The acquisition of MG Stover aligns with a broader industry trend towards consolidation. As more institutions seek comprehensive solutions in digital finance, companies like Securitize are positioning themselves to meet this demand. A recent report suggests that the global tokenized asset market could reach $18.9 trillion by 2033, highlighting the potential for significant growth in this sector. Securitize’s acquisition of MG Stover is a strategic move to prepare for this future expansion.

In addition to the MG Stover acquisition, Securitize launched Converge in March, a blockchain developed in collaboration with Ethena Labs. Converge is designed to support tokenized asset infrastructure and institutional-grade decentralized finance, adding another layer to Securitize’s growing ecosystem. This new blockchain offers a compliant and secure environment for the expanding RWA market, further solidifying Securitize’s role in shaping the future of digital finance.