Securitize, a tokenized asset firm, is extending investor access to alternative assets in the private markets through its acquisition of Onramp Invest, a cryptocurrency fund manager overseeing more than $40 billion in assets under management (AUM). With this move, Securitize aims to streamline Registered investment advisors' (RIAs) access to private equity, private credit, and secondary asset classes.
The acquisition enables RIAs to present their clients with exposure to various alternative asset classes, facilitated by Onramp Invest's platform. Notable figures in the crypto industry, including WisdomTree, Valkyrie Invest, Global X, and Coindesk, form Onramp's clientele. By incorporating Onramp's capabilities, Securitize enhances the available investment options for RIAs, allowing them to directly access Securitize's alternative investment portfolio.
Securitize CEO Carlos Domingo highlighted the synergy between the two companies, stating that Onramp's existing service to RIAs aligns well with providing tokenized alternative assets. He emphasized the significance of private market alternative assets for wealth generation, making the collaboration advantageous for RIAs in offering clients wealth -building opportunities.
The acquisition builds on the partnership established between Securitize and Onramp earlier in March 2023. This partnership concentrated on enabling distributed access to tokenized private equity funds from investment firms like Hamilton Lane. At that time, RIA firms on the Onramp platform collectively managed over $35 billion in assets. This acquisition follows Securitize's recent move to tokenize its stake in the Spanish real estate investment trust Mancipi Partners, with secondary transactions planned on the Avalanche blockchain in September.
