Crypto bank Anchorage acquires Securitize’s wealth management unit
Anchorage Digital acquired Securitize For Advisors to expand its financial advisory services for registered investment advisors.Summary
Anchorage Digital, the first federally chartered crypto bank, has acquired Securitize's wealth management unit, Securitize For Advisors (SFA), absorbing its team and front-end platform. The acquisition aims to enhance Anchorage's financial advisory services for registered investment advisors (RIAs), who are seen as driving significant crypto adoption. Anchorage CEO Nathan McCauley stated the move combines Anchorage's regulated custody with SFA's expertise to create a premier solution for wealth managers. Notably, 99% of SFA's assets were already custodied at Anchorage. Securitize CEO Carlos Domingo confirmed the sale allows the tokenization giant to focus on its core business, following its earlier disclosure of plans to go public via a SPAC merger at a $1.25 billion valuation.
(Source：The Block)