Securitize, an asset tokenization firm, has acquired digital asset wealth platform Onramp Invest to extend its offering to registered investment advisors (RIAs). The acquisition is expected to close in the coming days, and terms of the transaction have not been disclosed. Onramp will operate as a subsidiary of Securitize and integrate Securitize products into its existing service.
Securitize’s goal is to allow RIAs to offer their clients tokenized investments in alternative asset classes such as private equity, private credit, secondaries, and real estate. 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, said Securitize CEO Carlos Domingo.
The acquisition is a sign of the ongoing intertwining between traditional markets and digital assets, and may be an indication of increasing consolidation among startups in these sectors. With technology valuations significantly down and VC investment drying up, there is now a new opportunity for companies with a strong balance sheet and a growing business, like Securitize, to accelerate the digitization of finance and our role in driving it, Domingo told journalists.