Securitize Expands Digital Asset Operations With MG Stover Acquisition, Manages $38 Billion

Securitize, a prominent tokenization company, has significantly expanded its digital asset operations through the acquisition of MG Stover’s fund administration business. This strategic move has not only increased Securitize’s assets under management but also enhanced its capability to serve institutional clients. The acquisition has integrated MG Stover’s fund administration business into Securitize Fund Services, a wholly owned subsidiary of Securitize.

As a result of this acquisition, Securitize Fund Services now manages over $38 billion in assets across 715 funds. MG Stover, established in 2007, provides comprehensive fund administration services across various financial sectors, including hedge funds, venture capital, private equity, and digital asset funds. It is important to note that the acquisition pertains solely to MG Stover’s fund administration business and not the entire company.

Carlos Domingo, co-founder and CEO of Securitize, highlighted the significance of this acquisition, stating that it strengthens Securitize’s institutional offering by adding one of the most experienced digital asset fund administration teams to Securitize Fund Services. Domingo emphasized that traditional fund administrators are not designed to handle the speed, complexity, and global reach of digital assets, which often struggle with the demands of 24/7 markets and real-time settlements.

Securitize is recognized as one of the largest real-world asset (RWA) tokenization companies, having issued over $3.3 billion in onchain assets. Notably, Securitize issued the BlackRock USD Institutional Digital Liquidity Fund, also known as BUIDL, which currently has nearly $2.5 billion in assets. BUIDL is a leading player in the market for tokenized US Treasurys, reflecting the growing interest in tokenized real-world assets.

The tokenization market is experiencing rapid growth, attracting both traditional investors and crypto-native users. This segment of the blockchain industry has shown resilience, with the total value of onchain financial assets surging despite the broader downtrend in the cryptocurrency market. Securitize’s recent partnership with Ethena Labs to create the Converge blockchain further underscores the company’s commitment to the RWA economy. The Converge blockchain aims to provide retail and institutional investors with access to tokenized assets and decentralized finance applications.

In addition to Securitize’s initiatives, the Mantra blockchain has unveiled a $109 million ecosystem fund to support startups building across the RWA and DeFi economies. These developments highlight the increasing interest and investment in the tokenization of real-world assets, positioning Securitize as a key player in this evolving landscape.