The United States' first federally chartered crypto bank Anchorage acquires a wealth management platform, with a growth of over 4500%

【Chain Wen】The crypto banking track is making another big move. Anchorage Digital, the first federally chartered crypto bank in the United States, has just announced that it has taken over the wealth management business Securitize For Advisors under the tokenization platform Securitize. Although the specific terms of the deal have not been disclosed, the logic behind this acquisition is quite clear—Anchorage aims to provide a more comprehensive financial advisory solution for Registered Investment Advisors (RIAs), and Securitize’s team and front-end system perfectly complement this shortcoming.

What’s even more noteworthy is the growth data of this acquired department. Over the past year, Securitize For Advisors has grown by over 4500%, with new deposits and assets under management reaching record highs. This achievement is indeed impressive. Securitize’s CEO Carlos Domingo also admitted that this advisory department has “achieved incredible success.” Given such good results, why sell it? The reason is that Securitize wants to focus on its core business—the tokenization field. This sale is actually a strategic adjustment, with both parties benefiting from it.