Securitize has acquired Onramp Invest, a cryptocurrency fund manager with over $40 billion in assets under management (AUM). The firm will provide new alternative assets to major crypto fund managers like WisdomTree and Valkyrie Invest.
With the acquisition of Onramp, Securitize intends to facilitate registered investment advisers’ (RIA) access to private equity, private credit, and secondary asset classes.
The representative noted that at the time of the transaction, Securitize had 150 employees, while Onramp had only 18.
The acquisition brings over $40 billion in combined assets to the Onramp platform, which RIAs across the United States use. Among Onramp’s clientele are prominent firms in the cryptocurrency industry, such as asset administrators WisdomTree and Valkyrie Invest, exchange-traded fund provider Global X, and crypto media outlet Coindesk.
RIAs can now offer their clients investments in alternative asset classes such as private equity, private credit, and real estate via Onramp Invest’s dashboard. According to the announcement, Securitize will increase and diversify the investments accessible to RIAs by granting them direct access to its portfolio of alternative investments.
“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,” Securitize CEO Carlos Domingo said, adding:
“Most wealth is generated in private market alternative assets, and bringing Securitize and Onramp together enables registered investment advisers to give their clients access to that wealth generation.”
The latest acquisition builds on Securitize and Onramp’s previously disclosed partnership in March 2023. The partnership’s focus was distributed access to tokenized private equity funds offered by investment firms such as Hamilton Lane. At the time, Onramp’s platform hosted RIA firms with over $35 billion in AUM.
The announcement comes shortly after Securitize began tokenizing equity in the Spanish REIT Mancipi Partners in June. The company plans to initiate secondary trading on the Avalanche blockchain in September.
