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The tokenization asset issuer Securitize has acquired the fund management business of MG Stover.
Golden Finance reports that the tokenized asset issuer Securitize announced on Tuesday that it has acquired the fund management business of MG Stover. The company stated that the MG Stover team will now operate under Securitize Fund Services (SFS) to enhance the company's institutional-grade products. Following the acquisition, SFS currently manages 715 funds with total assets of $38 billion, including Securitize's tokenized fund products. Securitize now offers a full suite of integrated services: fund management, token issuance, brokerage, transfer agency, and alternative trading system (ATS).