PANews reported on April 16 that according to CoinDesk, Securitize, one of the issuers of tokenized assets, said on Tuesday that it had acquired the fund management business of MG Stover, making its subsidiary Securitize Fund Services the largest digital asset fund manager. Securitize said in a press release that MG Stover's team will now operate under Securitize Fund Services (SFS), which will enhance the company's institutional-level services. With this acquisition, SFS currently manages $38 billion in assets across 715 funds, including Securitize's tokenized fund products, such as BlackRock's $2.45 billion tokenized U.S. Treasury bond fund (BUIDL). Securitize now offers a comprehensive set of services: fund management, token issuance, brokerage services, transfer agents, and alternative trading systems (ATS).