Tokenized asset issuer Securitize has acquired MG Stover's fund management business

Tokenized asset issuer Securitize said Tuesday it has acquired the fund management business of MG Stover. The company said the team at MG Stover will now operate under the umbrella of Securitize Fund Services (SFS) to enhance the company's institutional-grade offerings. Following the acquisition, SFS currently manages 715 funds with total assets of $38 billion, including Securitize's tokenized fund products. Securitize now offers a comprehensive suite of services: fund management, token issuance, brokerage, transfer agents, and alternative trading systems (ATS).