Securitize Acquires MG Stover's Fund Administration Business to Become the Largest Digital Asset Fund Administrator

Securitize, one of the largest tokenized asset issuers, said on Tuesday it has acquired MG Stover's fund administration business

Securitize, one of the largest tokenized asset issuers, on Tuesday announced the acquisition of MG Stover’s fund administration business.

The move will see the acquirer’s subsidiary, Securitize Fund Services (SFS), become the largest digital asset fund administrator, according to a press release.

The company, which recently launched an alternative trading system (ATS) to complete the final piece of the required infrastructure, will now be able to offer an "integrated suite of services" to asset managers. These services include fund administration, token issuance, brokerage, transfer agency and an ATS.

The addition of MG Stover’s team and operations will further enhance SFS’s "already stellar" institutional-grade offerings, the company said.

With the acquisition, SFS will oversee $38 billion of assets under administration across 715 funds, including Securitize’s tokenized fund offerings such as BlackRock’s $2.45 billion tokenized U.S. Treasury fund (BUIDL).

The deal also signals growing consolidation in the digital asset infrastructure space, where companies are racing to build compliant platforms that mirror traditional finance but live on blockchain rails.

For asset managers, this means they can issue tokenized securities, administer them and trade them—without leaving the ecosystem.

“This acquisition is a critical milestone in our journey to build the most advanced and efficient capital markets ecosystem,” said Carlos Domingo, co-founder and CEO of Securitize. “It also cements our role as the most comprehensive platform for institutional grade real-world asset tokenization and fund administration.”

Asset tokenization is perhaps the fastest-growing digital asset sector, as global traditional finance firms and banks increasingly use chains for moving and managing instruments like funds, bonds and credit.