BlockBeats News, April 16th, according to CoinDesk report, tokenization platform issuer Securitize announced on Tuesday that it has acquired MG Stover's fund management business, making its subsidiary Securitize Fund Services the largest digital asset fund manager.
Securitize stated in the press release that MG Stover's team will now operate under Securitize Fund Services (SFS), enhancing the company's institutional-grade services. Through this acquisition, SFS currently manages $38 billion in assets across 715 funds, including Securitize's tokenized fund products, such as the $2.45 billion tokenized U.S. Treasury Bond Fund (BUIDL) by BlackRock.
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