The first federally chartered crypto bank in the US, Anchorage Digital, has acquired the Securitize For Advisors (SFA) platform from tokenization specialist Securitize, tightening its grip on the growing market for crypto wealth management tools aimed at registered investment advisors (RIAs). The move comes as Anchorage ramps up its regulated stablecoin and custody business, while Securitize doubles down on large-scale tokenization and public-market plans. The company is taking over SFA, a crypto wealth ...

Core Insights - Digital Ascension is a firm that provides comprehensive private client services for cryptocurrency, including estate planning, taxes, accounting, and wealth management, all in a regulated manner [1][2] - The firm has rapidly grown from zero to managing $1 billion in crypto assets within a year, serving 10 families and approximately 1,500 clients with portfolio values between $500,000 and $5 million [2][6] - There is a significant advisory gap in the traditional wealth management space for cryptocurrency holders, which Digital Ascension aims to fill [2][10] Company Overview - Digital Ascension was founded after the CEO identified a lack of wealth management advice for crypto holders while seeking guidance for his own crypto investments [3][2] - The firm partners with Anchorage for institutional custody, ensuring that clients' assets are securely managed and insured [7][8] - The structure of custody allows clients to maintain ownership of their assets while providing additional assurances typical of institutional services [8][9] Client Demographics - The firm primarily engages with second- or third-generation family office members who are more familiar with digital assets and often educate their elders about cryptocurrency [11][12] - Clients typically start with smaller investments in digital assets, often less than 1% of their total portfolio, to test the waters [14] Market Trends - The global population of crypto millionaires has increased by 40% from the previous year, indicating a growing wealth concentration in the cryptocurrency space [9] - A survey by Avaloq highlights that traditional wealth management firms are under pressure to adapt and provide services for digital assets, with 63% of ultra-rich investors in the UAE considering switching managers [10] Investment Strategy - Digital Ascension assists clients in making significant allocations to various cryptocurrencies and offers continuity plans for those with existing cold wallets [15] - The firm emphasizes the importance of structured asset management as clients' investments grow, particularly when dealing with substantial amounts of capital [16]