Anchorage Digital has acquired Securitize's RIA platform to expand its wealth management business.
BlockBeats News, December 16, according to Coindesk, federally chartered crypto bank Anchorage Digital has acquired the "Securitize For Advisors" business unit from Securitize, bringing the crypto wealth management platform designed specifically for registered investment advisors under its umbrella.
The financial details of the acquisition were not disclosed. This transaction formally establishes the existing partnership between the two companies. Anchorage Digital Bank had already been the custodian for 99% of Securitize For Advisors' client assets, and this business unit has always operated based on Anchorage's infrastructure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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