Crypto bank Anchorage has acquired Securitize's wealth management division.

ME News, December 16 (UTC+8) – Anchorage Digital, the first federally chartered crypto bank in the US, has acquired Securitize For Advisors, the wealth management arm of tokenization company Securitize. The terms of the transaction were not disclosed. This move will help Anchorage expand its financial advisory services for registered investment advisors. Anchorage will absorb the Securitize For Advisors team and front-end platform. According to the announcement, Securitize For Advisors has grown by over 4500% in the past year, with record highs in new deposits and net assets under management. Securitize CEO Carlos Domingo stated that its advisory division has achieved "incredible success," but this sale will allow Securitize to focus on its "core business." (Source: ME)