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Asset management firm Securitize continues to expand investors’ access to alternative asset classes by acquiring Onramp Invest, a cryptocurrency fund manager that manages over $40 billion in assets. Through Onramp’s dashboard, investors will be able to access investment opportunities in alternative asset classes.
Familiar Companies within Onramp
With the acquisition of Onramp, Securitize plans to facilitate registered investment advisors’ (RIA) access to private equity, private credit, and secondary asset classes. This acquisition brings along over $40 billion in combined assets managed by Onramp’s platform for the community of registered investment advisors in the United States. Onramp’s client base includes leading firms in the cryptocurrency industry, such as WisdomTree, Valkyrie Invest, Global X, and others.
As a result of the acquisition, RIAs will be able to offer their clients investments in alternative asset classes such as private equity, private credit, and real estate through Onramp Invest’s dashboard. According to the announcement, Securitize will increase and diversify existing investments by providing direct access to alternative investment portfolios for RIAs.
Enhanced Customer Service
Securitize CEO Carlos Domingo said, “Onramp already provided easy access to digital assets for RIAs, so offering tokenized alternative assets to complement their portfolios is a natural extension.” He added:
“Most of the wealth is generated in private market alternative assets, and bringing together Securitize and Onramp allows registered investment advisors to provide access to this wealth generation for their clients.”
The recent acquisition is based on a previous partnership announced in March 2023 between Securitize and Onramp. The partnership focused on providing distributed access to tokenized private equity funds for investment firms like Hamilton Lane. At that time, Onramp’s platform included DEA firms with over $35 billion in combined AUM.
This news comes shortly after Securitize began tokenizing the equity of Spanish real estate investment partnership Mancipi Partners in June. The company is expected to launch on the Avalanche blockchain network in September.
