Federally chartered crypto financial institution Anchorage Digital has acquired the Securitize for Advisors (SFA) enterprise unit from Securitization and introduced in-house a crypto asset administration platform constructed for registered funding advisors (RIAs), the corporate introduced in a press launch on Monday.
Monetary particulars of the acquisition weren’t disclosed.
The acquisition formalizes the present relationship between the 2 firms. Anchorage Digital Financial institution already shops 99% of Securitize For Advisors' shopper property, and SFA operates on Anchorage's infrastructure.
“RIA is driving one of the crucial vital waves of cryptocurrency adoption. By combining Anchorage Digital's federally regulated custody platform with SFA's expertise and experience, we’re constructing one of the best resolution for wealth managers and their shoppers,” Anchorage Digital co-founder and CEO Nathan McCauley mentioned in a launch.
The transaction highlights the businesses' present partnership, giving Anchorage Digital a extra outlined function in asset administration and including an built-in platform that brings collectively buying and selling, custody and client-facing instruments for advisors, whereas permitting Securitize to deal with its tokenization enterprise.
Tokenization is the method of changing real-world property comparable to shares, bonds, actual property, personal fairness, and artwork into digital tokens recorded on a blockchain.
Securitize co-founder and CEO Carlos Domingo mentioned the transfer is aimed toward permitting Securitize to deal with its core tokenization enterprise whereas offering extra devoted sources to SFA below Anchorage.
The deal marks Anchorage Digital's second acquisition in 2025, following its acquisition of stablecoin issuer Mountain Protocol in Could.
Launched in 2021, the SFA will permit RIAs to supply digital asset publicity to their shoppers. Over the previous 12 months, the platform's internet new deposits and property below administration have grown greater than 4,500%, in comparison with 16% development for the RIA business as an entire, the businesses mentioned.
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