Crypto bank Anchorage has acquired Securitize's wealth management division

PANews December 16 News, according to The Block, the United States’ first federally licensed crypto bank Anchorage Digital has acquired the wealth management division Securitize For Advisors under tokenization company Securitize. The terms of the deal were not disclosed. This move will help Anchorage expand its financial advisory services to registered investment advisors. Anchorage will incorporate the team and front-end platform of Securitize For Advisors. According to the announcement, over the past year, Securitize For Advisors has grown by over 4500%, with new deposits and assets under management reaching all-time highs. Securitize CEO Carlos Domingo stated that their advisory division “has achieved incredible success,” but this sale will allow Securitize to focus on its “core business.”