Anchorage Digital has acquired the RIA platform owned by Securitize to expand its wealth management business.
BlockBeats News, December 16, according to Coindesk, federally chartered crypto bank Anchorage Digital has acquired its "Securitize For Advisors" business unit from Securitize, incorporating the crypto wealth management platform specifically designed for registered investment advisors.
The financial details of the acquisition were not disclosed. The transaction formalizes the existing partnership between the two companies. Anchorage Digital Bank already held 99% of the client assets for Securitize For Advisors and the business unit has been operating 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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