Securitize manages $38B with acquisition of MG Stover admin business

Tokenization company Securitize has expanded its digital asset operations by acquiring MG Stover’s fund administration business, in a move the company said has significantly grown its assets under management and ability to serve institutional clients. With the acquisition, MG Stover’s fund administration business has been absorbed into Securitize Fund Services, Securitize’s wholly owned subsidiary, the company disclosed.  Securitize Fund Services now manages more than $38 billion in assets across 715 funds.  Founded in 2007, MG Stover offers full-service fund administration spanning traditional financial industries like hedge funds, venture capital and private equity, as well as digital asset funds source: https://cointelegraph.com/news/securitize-acquires-mg-stover-fund-admin-business?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound