Securitize Acquires MG Stover’s Fund Administration Business for $38 Billion, Becomes Largest Digital Asset Fund Administrator

Securitize has completed the acquisition of MG Stover’s fund administration business, positioning itself as the largest digital asset fund administrator globally. This acquisition enhances Securitize's capabilities in providing services to businesses across both traditional and digital asset sectors. The firm is notably recognized for its role in BlackRock's $2.4 billion BUIDL fund, and with this acquisition, it now administers assets totaling $38 billion. Securitize's leadership has emphasized the importance of this move in the evolving landscape of digital asset infrastructure, indicating a new chapter in tokenization. The announcement was made on April 15, 2025. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io