## Institutional-level Crypto Wealth Management Integration Heats Up: Anchorage Digital Acquires SFA Platform, Reshaping RIA Investment Landscape

America's first federally chartered crypto bank Anchorage Digital announced that it has acquired Securitize For Advisors (SFA) from tokenization platform Securitize. This deal marks another milestone for crypto assets entering mainstream institutional wealth management, especially within the Registered Investment Advisor (RIA) market, where integration effects are gradually becoming evident.

### Solid Foundation, Acquisition as a Natural Progress

The SFA platform has demonstrated remarkable growth over the past 12 months, with deposits and assets under management soaring by 4,500%. Notably, 99% of client assets are already custodied with Anchorage Digital Bank. This integration is more about formalizing an existing close partnership rather than a strategic gamble on a new path. Through this move, Anchorage can integrate SFA’s platform, team, and operational experience in wealth management, further consolidating its leading position in the RIA market.

### Anchorage: Extending from Custody to a Wealth Management Ecosystem

Behind Anchorage’s actions lies its ambitious institutional strategic layout. The company is advancing on multiple fronts simultaneously: first, building a compliant stablecoin ecosystem, including products like USDtb and USDGO; second, expanding custody services to support 25 digital assets, covering mainstream cryptocurrencies and emerging tokens; third, enhancing DeFi infrastructure through the Genius Act compliant framework to provide on-chain liquidity access.

Meanwhile, Anchorage has launched Anchorage Digital Ventures, an investment arm focused on Bitcoin DeFi, real asset tokenization (RWA), and decentralized identity verification, precisely targeting the long-term needs of institutional clients. These initiatives all aim toward a common goal: becoming a one-stop solution for institutional investors entering the crypto market. The company currently maintains a valuation of over $3 billion, with its unique federal banking charter and New York BitLicense further strengthening its compliance moat.

### Securitize: Focused on Tokenization, Embracing Listing Opportunities

For Securitize, divesting the SFA business unit is a strategic refocus. The company is reallocating resources to its core tokenized asset business, which now manages over $4 billion in tokenized assets, collaborating deeply with top global asset managers like Apollo, BlackRock, Hamilton Lane, and KKR.

Regulatory expansion has become a highlight for the company this year: Securitize has received comprehensive regulatory approval in the European Union, operating a tokenized securities trading and settlement platform, making it one of the few entities licensed to operate tokenization infrastructure in both the US and EU. In January, the company partnered with Apollo to jointly issue the ACRED tokenized private credit fund across multiple blockchains, utilizing cross-chain interoperability technology to facilitate asset circulation.

Looking ahead, Securitize plans to go public via a SPAC transaction valued at $1.25 billion, and has announced plans to tokenize its own equity during this process, demonstrating strong confidence in the future of tokenization.

### New Landscape in Wealth Management

The integration of Anchorage and SFA opens a more direct and regulated pathway for RIA firms to allocate crypto assets. With Anchorage’s federal banking charter, RIA clients can now complete asset custody, trading execution, and front-end tools within a single provider, creating a closed-loop wealth management experience. For advisory firms that previously relied on multiple service providers or avoided crypto asset allocation altogether, this significantly reduces operational risks and compliance pressures, potentially becoming a key driver for traditional wealth management industry’s crypto transformation.