Securitize Acquires Onramp Invest: Bringing Tokenization to Financial Professionals
Securitize, a tokenization firm, has acquired Onramp Invest, a digital asset wealth platform for financial professionals. This acquisition aims to increase liquidity and transparency by moving private investments to public blockchains like Ethereum, Avalanche, Polygon, and Algorand. Here are the key points:
– Onramp Invest serves Registered Investment Advisors (RIAs) in the U.S., managing over $40 billion in assets.
– The platform collaborates with firms like WisdomTree and CoinDesk to create crypto indexes.
– RIAs affiliated with Onramp Invest can now offer their clients alternative asset investment options, including private equity, private credit, secondaries, and real estate.
– Securitize CEO Carlos Domingo sees this as a step towards democratizing private capital markets.
– The rise of tokenization in finance presents opportunities for integration with digital asset solutions.
Securitize’s acquisition of Onramp Invest supports the trend of merging traditional finance with digital assets. Tokenization has the potential to transform the entire financial industry. Lower fees, lower minimums, and exit liquidity through secondary markets are some benefits that tokenization offers. Eric Ervin, founder and CEO of Onramp Invest, believes that financial professionals must embrace this change. Securitize and Onramp Invest previously announced a partnership to provide RIA members with access to private equity feeder funds. This acquisition further solidifies Securitize’s ambitions in the tokenized securities market.
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