Securitize Acquires Onramp Invest to Expand Offering to Registered Investment Advisors (RIAs)
Securitize, an asset tokenization firm, has acquired Onramp Invest, a digital asset wealth platform, to broaden its services for registered investment advisors (RIAs). The terms of the transaction have not been disclosed, but the acquisition is expected to be finalized soon. Onramp will operate as a subsidiary of Securitize and will integrate Securitize products into its existing platform. The goal is to enable RIAs to offer their clients tokenized investments in alternative asset classes such as private equity, private credit, secondaries, and real estate. According to Securitize CEO Carlos Domingo, the acquisition is a natural extension for Onramp, which already offers RIAs easy access to digital assets. This acquisition not only showcases the convergence of traditional markets and digital assets but also reflects the increasing consolidation among startups in these sectors. With the current downturn in technology valuations and VC investment, companies like Securitize have an opportunity to drive the digitization of finance and accelerate their growth.
Main Breakdowns:
– Securitize has acquired Onramp Invest to expand its services for registered investment advisors (RIAs).
– Onramp will become a subsidiary of Securitize and integrate Securitize products into its platform.
– The acquisition aims to allow RIAs to offer tokenized investments in alternative asset classes.
– The acquisition reflects the convergence of traditional markets and digital assets.
– The acquisition suggests increasing consolidation among startups in the fintech and digital asset sectors.
Hot Take:
The acquisition of Onramp Invest by Securitize demonstrates the growing importance of tokenized investments in the financial industry. By expanding its services for registered investment advisors, Securitize is positioning itself as a leader in the digitization of finance. This acquisition not only benefits Securitize and Onramp, but also reflects the larger trend of consolidation among startups in the fintech and digital asset sectors. As the industry continues to evolve, we can expect more acquisitions and partnerships to drive the adoption of digital assets in traditional financial markets.
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