Securitize to acquire crypto investing platform Onramp

Quick Take

  • Securitize is set to acquire Onramp Invest, a crypto investment platform.
  • Securitize specializes in tokenizing private investments, collaborating with major firms like Hamilton Lane and KKR, and aims to enhance liquidity and transparency by bringing private investments onto public blockchain.

Securitize, a firm known for bringing private investments onto the blockchain, is set to acquire crypto investment platform Onramp Invest. 

OnRamp's 18 employees will join Securitize, which stands at 150 staff, according to The Information. The firm, backed by Coinbase Ventures and Blockchain Capital, has raised more than $120 million in capital. 

The deal — which comes amid a broader slump in deal-making activity — was born out of an existing business relationship between the firms and a difficult fundraising environment in crypto, according to Onramp COO Ashton Chaffee. OnRamp provides a platform for financial advisors to offer crypto exposure to their clients. 

Securitize, meanwhile, works with large investment firms like Hamilton Lane and KKR to tokenize private investments. It made headlines in September 2022 for a deal with private equity firm KKR to tokenize an alternative investment fund. Advocates of tokenization claim that moving such investments onto public chains enhances liquidity and transparency for investors. 

Following publication, Securitize told The Block in an email that the acquisition will provide registered investment advisors with access to alternative asset classes via Securitize's portfolio of private credit, private equity, and other assets.

“Our acquisition of Onramp is another big step forward in expanding investor access to top-performing alternative assets and in democratizing private capital markets. Onramp already offered RIAs easy access to digital assets, so it is a very natural extension to offer them tokenized alternative assets to complement their portfolios,” said Securitize CEO Carlos Domingo. “Most wealth is generated in private market alternative assets and bringing Securitize and Onramp together enables registered investment advisors to give their clients access to that wealth generation.”

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