Securitize, a tokenization company, purchases MG Stover's fund administration services.
In the rapidly evolving world of digital asset fund administration, two giants are making waves: Securitize and Apex Group.
Securitize, a trailblazer in the digital asset space, made headlines in 2020 when it acquired its broker dealer and ATS arm. This move expanded its service portfolio to include tokenization, primary issuance, transfer agent services, broker-dealer, ATS licenses for secondary market trading, and a lending service. The company has since grown its influence, as evidenced by its partnership with BlackRock to issue its first tokenized money market fund, BUIDL. Securitize also plans to launch its own blockchain, Converge, in collaboration with stablecoin issuer Ethena.
Securitize has administered $38 billion in assets across 715 funds as of August 2025, and has tokenized funds for high-profile clients such as KKR and Hamilton Lane. The company further expanded its distribution to financial advisers with the acquisition of OnRamp in 2023.
In contrast, Apex Group, a traditional finance (TradFi) fund administration firm, has been active in the sector for a few years. The company has focused on modernizing fund administration by delivering tailored middle- and back-office solutions powered by its proprietary Paxus software. This software integrates multiple fund administration functions into a seamless process, with a strong emphasis on local talent development, as seen in Botswana.
The competition between Securize and Apex Group in the digital asset fund administration sector is characterized by distinct strategic approaches. Apex Group's focus is on technology, tailored solutions, and local expertise, aiming to operate traditional and complex fund administration efficiently with a clear regional focus and impact. Securitize's strategic positioning in the fund administration sector, however, is not explicitly detailed in the available data.
A recent development suggests that Securitize is advancing its presence and influence in the digital asset domain, with an executive from the company joining Alto, a growing player in financial services. This move could potentially expand Securitize's ecosystem beyond fund administration. Apex Group, meanwhile, continues investing in technology and localization to create operational efficiencies and compliance with regulations, positioning itself strongly in emerging markets and traditional fund admin services enhanced by digital tools.
As of August 2025, no direct head-to-head market share or service portfolio comparison was accessible in the current search results. To understand the precise competitive dynamics, including market share, client base overlap, and product differentiation, further industry reports or direct company disclosures would be required.
Securitize acquired its transfer agency business in 2022 and MG Stover's fund administration service. The company has been involved in the issuance of $3.3 billion in tokenized assets, with BlackRock's BUIDL accounting for almost three quarters of this total. Securitize claims to be the largest digital asset fund administrator after its latest acquisition.
Securitize and Apex Group share some common clients such as Hamilton Lane. Ledger Insights is reporting on the latest acquisition by Securitize. The battle between these two giants is on, with tokenization accelerating the convergence between TradFi and DeFi.
- Securitize's strategic acquisition of MG Stover's fund administration service and transfer agency business in 2022, along with its involvement in the issuance of $3.3 billion in tokenized assets, positions it as the largest digital asset fund administrator.
- Leveraging its proprietary technology, Apex Group aims to efficiently manage both traditional and complex fund administration, with a strong focus on local expertise and regional impact, positioning itself strongly in emerging markets and traditional fund admin services enhanced by digital tools.
- As the digital asset fund administration sector continues to evolve, insightful reports suggest that the competition between Securitize and Apex Group, both operating in distinct strategic approaches, will prompt the convergence of traditional finance (TradFi) and decentralized finance (DeFi) through accelerated tokenization.
