United

Avalanche

<div class="sg-post-des">
 Digital securities firm Securitize will provide new alternative assets to major cryptocurrency firms like WisdomTree and Valkyrie Invest. 
</div> 
<div class="cointelegraph"> 
 Tokenized asset firm Securitize continues expanding investor access to private market alternative assets with the acquisition of the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency fund <a rel="noopener noreferrer nofollow" title="manager" href="https://thebittimes.com/tag/manager.html">manager</a> Onramp Invest, which manages more than $40 billion in assets. 
 Securitize is planning to simplify the access of registered investment advisors (RIA) to private equity, private credit and secondary asset classes with the acquisition of Onramp. 
 The acquisition brings more than $40 billion in combined assets, which the Onramp platform handles for a community of RIAs across the United States. Onramp’s customer base <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> some prominent firms in the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> industry, including the exchange-traded (ETF) fund WisdomTree, asset <a rel="noopener noreferrer nofollow" title="manager" href="https://thebittimes.com/tag/manager.html">manager</a> Valkyrie Invest, the ETF firm Global X, <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> media Coindesk and others. 
 As a result of the acquisition, RIAs will be able to offer their clients investments in alternative asset classes like private equity, private credit and real estate via Onramp Invest’s dashboard. According to the announcement, Securitize will increase and diversify the investments available to RIAs by giving them direct access to its alternative investment portfolio. 
 “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,” Securitize CEO Carlos Domingo said, adding: 
 <blockquote>
 “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.” 
 </blockquote> 
 The latest acquisition builds on a previous partnership of Securitize and Onramp announced in March 2023. The partnership was focused on distributed access to tokenized private equity funds from investment firms like Hamilton Lane. At the time, Onramp’s platform had RIA firms with a combined AUM of over $35 billion. 
 Related: ‘XRP is not a security. Period’ — Crypto lawyers on Ripple’s case amid SEC appeal 
 The news comes soon after Securitize started tokenizing equity in the Spanish real estate investment trust Mancipi Partners in June. The firm expects to launch secondary trading on the Avalanche blockchain in September. 
 Securitize did not immediately respond to Cointelegraph’s request for comment. 
 Big Questions: Did the NSA create Bitcoin? 
 <template data-name="subscription_form" data-type="defi_newsletter"></template> 
</div>

Securitize acquires $40b crypto fund manager Onramp

TheBitTimes

Other articles published on Aug 18, 2023

Ethereum: Whale Dumped $41 Million ETH Before Crypto Market Crash

Charles Hoskinson Fires Back at Doubters: “Cardano Isn’t Going Anywhere” while Stellar (XLM) and ...

SEC Cannot Call ETH Security and Approve ETH Futures ETF: Analyst

INJ Price Set to Take Off and Leave Bitcoin in the Dust as Market Trades in Red

XRP Price Takes a 30% Dive as Judge Torres Grants SEC’s Interlocutory Appeal

McDonald’s Singapore launches Grimace NFT collectibles

Join our free newsletter for daily crypto updates!