The SECURITIZE Tokenization company has expanded its digital asset operations by acquiring the administration activities of MG Stover funds, in a decision that the company declared has considerably increased its assets under management and the capacity to serve institutional customers.
With the acquisition, the activities of the administration of the MG Stover fund have been absorbed in securing fund services, the subsidiary in exclusive security of security, the company disclosed.
Securing fund services now manages more than $ 38 billion in assets out of 715 funds.
Founded in 2007, MG STOVER offers a full-service administration of funds covering traditional financial industries such as hedge funds, venture capital and investment capital, as well as digital asset funds.
A security spokesperson informed Cointelegraph that the acquisition only concerns the administration activities of MG Stover funds and not the company as a whole.
In a declaration sent by email to Cointelegraph, co-founder security and CEO Carlos Domingo said: “The acquisition of MG Stover considerably strengthens our institutional offer by adding one of the administration teams of the most experienced digital asset funds to secure fund services.” He continued:
“The administrators of the Legacy fund have never been designed for speed, complexity or global scope of digital assets. Their systems are struggling with 24/7 market pressure, and they were not designed to manage stable flows or real -time establishments. ”
Securitize is one of the largest tokenization companies of real assets (RWA), after having issued more than $ 3.3 billion in ONCHAIN workers, in particular the Blackrock USD Institutional Digital Liquidity Fundalso known as Buidl.
Build currently has almost $ 2.5 billion in assets, according to industry data.
Buidl runs the booming market for the American Treasury tokenized. Source: Rwa.xyz
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The tokenization market heats up
Rwas Tokenized are a rapid expansion segment of the blockchain industry, attracting both traditional investors and crypto-native users.
RWA’s growth has challenged the wide downward trend in the cryptocurrency market, the total value of onchain financial assets increasing by $ 11.2 billion in the past 30 days, according to Rwa.xyz.
In the middle of the wave of tokenization, Recently associated with Ethena Labs To create a new blockchain for the RWA economy. The next Converge blockchain will allow retail and institutional investors to access token assets and decentralized financial applications.
Meanwhile, the Mantra blockchain recently revealed An ecosystem fund of $ 109 million For Bootstrap startups to be built through RWA and DEFI economies.
https://www.youtube.com/watch?v=tyo993t72ms
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