Catenaa, Saturday, April 19, 2025-Securitize has acquired the fund administration business of MG Stover, significantly boosting its footprint in digital asset management, the company announced Tuesday.
The real-world asset tokenization firm said the acquisition—terms of which were not disclosed—will increase its assets under administration to $38 billion across 715 funds. The newly absorbed business will become part of Securitize Fund Services, the firm’s in-house fund management platform.
The acquisition cements the role as the most comprehensive platform for institutional-grade real-world asset tokenization and fund administration, Securitize said in a statement.
It called the move a “significant step” in expanding services for a growing client base of asset issuers and investors.
MG Stover, a Denver-based fund administrator for digital asset funds, hedge funds and venture capital, was acquired by custody firm PolySign in 2022. Securitize’s deal involves only MG Stover’s fund administration unit.
With this acquisition, Securitize aims to enhance its ability to help firms raise capital through tokenized securities while simplifying the process of transforming traditional investments into digital assets.
Securitize has been scaling up its crypto services, including a recent integration with RedStone as its primary oracle provider. That partnership supports tokenized funds from major institutions such as BlackRock and KKR.
Last year, Securitize helped BlackRock tokenize its USD Institutional Digital Liquidity Fund (BUIDL), which surpassed $1 billion in assets under management as of March.
