Today Securitize announced that it is acquiring wealth management startup OnRamp Invest. OnRamp supports financial advisors who offer cryptocurrency services to their clients and through this merger Securitize will be able to offer its tokens to the advisors. Registered investment advisors (RIAs) on the OnRamp platform have combined assets under management of $40 billion (not just crypto).
Securitize is best known for providing tokenization services for stocks of private firms as well as alternative assets such as KKR and Hamilton Lane private equity funds.
“Onramp already offered RIAs easy access to digital assets, so it is a very natural extension to offer them tokenized alternative assets to complement their portfolios,” said Securitize CEO Carlos Domingo. “Most wealth is generated in private market alternative assets and bringing Securitize and Onramp together enables registered investment advisors to give their clients access to that wealth generation.”
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