Securitize Acquires MG Stover’s Fund Administration, Manages $38 Billion in Assets

Securitize has announced the acquisition of MG Stover’s Fund Administration business, a move that positions Securitize Fund Services (SFS) as the largest digital asset fund administrator globally. The terms of the deal were not disclosed by Securitize.

Carlos Domingo, CEO of Securitize, highlighted the significance of this acquisition, stating that it reinforces the company's commitment to expanding its capabilities to serve a growing number of asset issuers and investors. He emphasized that this acquisition solidifies Securitize's role as the most comprehensive platform for tokenized securities and fund administration.

The acquisition is expected to enhance SFS’s capabilities in offering fund administration, compliance, and reporting solutions to asset managers and institutional investors. These solutions will be integrated with other Securitize offerings, providing a more cohesive and comprehensive service to clients.

Following the acquisition, SFS will manage $38 billion in assets across 715 funds. MG Stover’s Fund Administration business, which focuses on crypto, offers services such as primary issuance, tokenization, and transfer agent services. These services will now be part of Securitize’s portfolio, further strengthening its position in the digital asset market.

Securitize’s BUIDL fund, a flagship fund in partnership with BlackRock, is the largest tokenized US Treasury fund in the world, with over $2 billion in assets. BlackRock also announced an investment in Securitize last May, indicating a strong partnership between the two firms. Additionally, Securitize has established partnerships with other major traditional financial institutions, including Apollo.