Securitize, a San Francisco, CA-based company which specializes in expanding investor and business access to tokenized alternative assets, acquired Onramp Invest, a San Diego, CA-based provider od a digital asset wealth platform.
The amount of the deal – anticipated to close in the next several days – was not disclosed.
With the acquisition, RIAs, the product of Securitize, will be able to offer their clients investments in alternative asset classes such as private equity, private credit, secondaries, real estate, and more, through the Onramp Invest dashboard, increasing and diversifying the investments they are able to manage with their existing reporting systems.
Led by Eric Ervin, Founder and CEO, Onramp Invest is a digital asset management platform that connects traditional and digital asset financial infrastructures. Through it, financial professionals can onboard clients to the digital asset investing ecosystem in minutes, both view held-away accounts and directly invest in digital assets, and access a large library of funds, models, indices, and portfolio management services. Onramp Invest integrates into existing RIA tech stacks like Orion, Advyzon, Wealthbox, AssetBook, among others, and offers market research through their academy and various innovative partners in the space. The platform serves a community of RIAs across the U.S. representing over $40B in cumulative AUM, as well as recognized asset managers and index providers in the digital asset space like WisdomTree, CoinDesk, Global X, Valkyrie Invest, and more.
Led by CEO Carlos Domingo, Securitize connects investors seeking to access the wealth generated in the private markets with businesses seeking to raise capital, with shares securely recorded on leading blockchains such as Ethereum, Avalanche, Polygon, and Algorand and with 1.2 million investors and 3,000 businesses already connected.
FinSMEs
18/08/2023