Anchorage Digital Buys Securitize’s RIA Platform to Expand Wealth Management Business

Federally chartered crypto bank Anchorage Digital has acquired the Securitize For Advisors (SFA) business unit from Securitize, bringing in-house a crypto wealth management platform built for registered investment advisors (RIAs), the company said in a press release Monday. Financial details of the acquisition were not disclosed. The acquisition formalizes an existing relationship between the two firms. Anchorage Digital Bank already custodies 99% of Securitize For Advisors client assets, and SFA has be ...