Source: Cointelegraph Original: "{title}"

Tokenization company Securitize has expanded its digital asset operations by acquiring the fund management business of MG Stover, thereby enhancing its asset management scale and service capabilities for institutional clients.

With this acquisition, MG Stover's fund management business has been integrated into Securitize's wholly-owned subsidiary, Securitize Fund Services. The company revealed that Securitize Fund Services now manages over $38 billion in assets, covering 715 funds.

Founded in 2007, MG Stover provides comprehensive fund management services across traditional financial sectors, including hedge funds, venture capital, and private equity, as well as digital asset funds.

A spokesperson for Securitize told Cointelegraph that the acquisition only involves MG Stover's fund management business and not the entire company.

Securitize co-founder and CEO Carlos Domingo stated in an email to Cointelegraph, "The acquisition of MG Stover significantly enhances our service capabilities in the institutional space, adding one of the most experienced digital asset fund management teams in the industry." He continued, "Traditional fund management institutions have never been designed for the speed, complexity, or global reach of digital assets. Their systems struggle to cope with the pressures of a 24/7 market and fail to handle stablecoin liquidity or real-time settlement."

Securitize is one of the largest real-world asset (RWA) tokenization companies globally, having issued over $3.3 billion in on-chain assets, the most notable being BlackRock's U.S. Dollar Institutional Digital Liquidity Fund (BUIDL). According to industry data, BUIDL currently manages nearly $2.5 billion in assets.

Tokenization Market Heats Up

Tokenized real-world assets (RWA) represent a rapidly growing segment in the blockchain industry, attracting attention from traditional investors and crypto-native users.

Despite an overall downward trend in the cryptocurrency market, RWA growth remains strong. According to RWA.xyz, the total value of on-chain financial assets has increased by 11.2% in the past 30 days, reaching $21 billion.

Driven by the tokenization wave, Securitize recently partnered with Ethena Labs to develop a new blockchain platform focused on the RWA economy. The upcoming Converge blockchain will allow retail and institutional investors to access tokenized assets and DeFi applications.

Meanwhile, the Mantra blockchain recently announced the launch of a $109 million ecosystem fund to support startups building in the RWA and DeFi economy.

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