Summary
- Securitize announced that it has acquired MG Stover's digital asset fund management business.
- With this acquisition, Securitize Fund Services will hold a total of 715 fund products.
- CEO Carlos Domingo stated that they will strengthen their role as a comprehensive platform.
Securitize, which operates in the Real World Asset (RWA) business, has acquired the fund management business of MG Stover.
According to The Block, a cryptocurrency-focused media outlet, on the 15th (local time), Securitize has acquired MG Stover's digital asset fund management business. The specific acquisition amount has not been disclosed.
With this acquisition, Securitize's subsidiary, Securitize Fund Services, will have a total of 715 fund products, with a total size of $38 billion (approximately 54.28 trillion KRW).
Carlos Domingo, CEO of Securitize, said, "Through this acquisition, we will be able to serve as the most comprehensive platform for institutional-grade real asset tokenization and fund management."
Uk Jin
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