Tokenized asset firm Securitize has made another move to expand investor access to private market alternative assets by acquiring the cryptocurrency fund manager Onramp Invest, which manages over $40 billion in assets.
Simplifying access to private market alternative assets
The acquisition of Onramp Invest allows Securitize to streamline access to private equity, private credit, and secondary asset classes for registered investment advisors (RIAs).
This move brings together more than $40 billion in combined assets, which Onramp currently handles for a community of RIAs across the United States. Some well-known firms in the crypto industry are among Onramp's clients, including WisdomTree, Valkyrie Invest, Global X, Coindesk, and others.
Expanded investment options for RIAs
RIAs will now be able to offer their clients investments in alternative asset classes such as private equity, private credit, and real estate through Onramp Invest's dashboard. Securitize will increase and diversify the investment options available to RIAs by providing them with direct access to its alternative investment portfolio.
"Onramp already offered RIAs easy access to digital assets, so it is a very natural extension to offer them tokenized alternative assets to complement their portfolios," said Securitize CEO Carlos Domingo. "Bringing Securitize and Onramp together enables registered investment advisors to give their clients access to that wealth generation."
Building on a successful partnership
This acquisition builds on the previous partnership between Securitize and Onramp, which was announced in March 2023. The partnership focused on providing distributed access to tokenized private equity funds from investment firms like Hamilton Lane. At the time, Onramp's platform had RIA firms with a combined AUM of over $35 billion.
Securitize's recent ventures
This news comes shortly after Securitize tokenized equity in the Spanish real estate investment trust Mancipi Partners in June. The company is also planning to launch secondary trading on the Avalanche blockchain in September.
Cointelegraph reached out to Securitize for comment but did not receive an immediate response.
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