Cryptocurrency financial services provider BitGo acquires Brassica to enter RWA tokenization market

Cryptocurrency financial services provider BitGo announced that it has acquired Brassica, a company specializing in alternative asset investment infrastructure, as part of its plan to enter the RWA tokenization market. The specific terms and amount of the acquisition have not yet been disclosed. Brassica primarily provides back-end infrastructure services for private securities and alternative investments, including multi-asset custody, recordkeeping and transfer agent services, and the two companies will seek to build infrastructure that allows alternative assets to be traded at scale in a manner similar to public equities. . (Blockworks)