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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.