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To further its mission of providing tokenized alternative assets to a wider range of investors and businesses, Securitize has acquired digital asset wealth platform,\u00a0Onramp Invest. With this purchase, Registered Investment Advisors (RIAs)\u00a0will\u00a0be able to provide their clients with instant\u00a0access to investments in the best-performing alternative asset classes. Although the terms of the acquisition\u00a0were not made public, the deal is\u00a0expected to be finalised over the next few days.<\/p>\n
This purchase comes after Securitize and Onramp announced in March that they would be working together to provide their RIA members with access to private equity feeder funds offered by Securitize alongside investment giants KKR and Hamilton Lane. Equally important is the fact that the acquisition, coming in an environment with reduced M&A activities,\u00a0also signifies\u00a0how closely traditional markets and digital assets are becoming intertwined. Supporters of tokenisation\u00a0argue that its\u00a0benefits accrue to investors because of the increased liquidity and transparency provided by public blockchains.<\/p>\n
By merging with Onramp, Securitize will be able to provide its tokens to clients who already support financial advisors providing cryptocurrency services to their clients. Onramp\u2019s platform is used by a network of RIAs in the United States that manage over $40 billion in assets under management (AUM). In addition, it has brought onboard\u00a0prominent digital asset index providers and asset managers like WisdomTree, CoinDesk, Global X, Valkyrie Invest, and others.<\/p>\n