Securitize Acquires MG Stover, Becoming Largest Digital Asset Fund Administrator
Securitize, a leading tokenized asset issuer, has acquired MG Stover's fund administration business. This acquisition, announced on Tuesday, positions Securitize Fund Services (SFS) as the largest digital asset fund administrator globally.
SFS now oversees $38 billion in assets across 715 funds, including BlackRock's $2.45 billion tokenized U.S. Treasury fund (BUIDL). The acquisition expands Securitize's capabilities, offering integrated services such as fund administration, token issuance, and brokerage.
The deal highlights the growing consolidation in digital asset tokenization. Experts at BCG and Ripple project the tokenized asset market could reach $18.9 trillion by 2033, driven by institutional adoption and evolving regulations.