PANews reported on April 16 that according to CoinDesk, Securitize, one of the token asset issuers, stated 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 said in a press release that the MG Stover team will now operate under Securitize Fund Services (SFS), which will enhance the company's institutional-level services. Through this acquisition, SFS currently manages $38 billion in assets across 715 funds, including Securitize's tokenized fund products, such as BlackRock's $2.45 billion tokenized US Treasury fund (BUIDL). Securitize now offers a comprehensive suite of services: fund management, token issuance, brokerage services, transfer agency, and alternative trading system (ATS).
