In a significant move for institutional crypto adoption, federally chartered digital asset bank Anchorage Digital has acquired Securitize For Advisors, the wealth management unit of tokenization giant Securitize. The deal, announced on Monday, aims to expand Anchorage's financial advisory services for Registered Investment Advisors (RIAs). Financial terms were not disclosed.
Anchorage will absorb the Securitize For Advisors team and its front-end platform. The acquired unit has seen explosive growth, increasing more than 4,500% over the past year and setting new all-time highs in new deposits and net assets under management. Notably, 99% of Securitize For Advisors' client assets were already custodied at Anchorage prior to the acquisition.
Anchorage CEO Nathan McCauley stated, "RIAs are driving one of the most important waves of crypto adoption. By bringing together Anchorage Digital’s federally regulated custody platform with SFA’s technology and expertise, we’re building the premier solution for wealth managers and their clients." The acquisition allows Securitize to refocus on its core tokenization business. Securitize CEO Carlos Domingo called the advisory unit "an incredible success story," but said the sale enables the firm to double down on its primary mission.
The strategic consolidation occurs against a backdrop of favorable U.S. regulatory developments, including a recent executive order signed by President Donald Trump paving the way for digital assets to be included in retirement accounts. Securitize, founded in 2017, is a leading tokenization platform and the issuer for BlackRock's BUIDL fund, the largest onchain Treasurys product. In October, Securitize disclosed plans to go public via a SPAC merger at a $1.25 billion pre-money equity valuation.
Anchorage, best known for its custody operations, has been expanding its market reach. It launched its own RIA offering in 2023 and has assisted in notable regulated stablecoin launches, including Tether's USAT and OSL Group's USDGO.
