Condividi questo articolo
PolySign to Buy Digital Asset Fund Administrator MG Stover for Cash and Stock
MG Stover administers over $40 billion in digital assets for institutional clients, such as hedge funds, private equity and venture capital funds.
Digital asset infrastructure company PolySign has agreed to buy fund administration firm MG Stover for a mix of cash and stock, PolySign said Wednesday. Terms of the deal were not disclosed.
MG Stover services hedge funds, private equity and venture capital funds and has over $40 billion in digital assets under administration. The company has developed a focus on digital assets as the sector grows.
STORY CONTINUES BELOW
Não perca outra história.Inscreva-se na Newsletter Crypto Daybook Americas hoje. Ver Todas as Newsletters
This acquisition will allow PolySign to build on its suite of custody offerings while also adding an element of fund administration services to institutional investors, the company said.
Besides this deal, PolySign is also completing a Series C fundraising round with the addition of new investors including Soros Fund Management, Brevan Howard and GSR. Cowen Digital, which had taken a $25 million stake in PolySign last May as part of a Series B funding round, will add to its existing equity position.
“MG Stover is the ‘go-to’ administration partner for many of the most sophisticated and successful investors in digital assets,” PolySign CEO Jack McDonald said in a statement.
Meanwhile, MG Stover’s CEO Matt Stover said in the statement that “joining the PolySign team is going to bolster our core fund administration offering and enable us to develop new capabilities that will shape the way institutions engage in digital assets for years to come.”
PolySign expects the MG Stover deal to close in the second quarter of this year.
Read more: Investment Bank Cowen Launches Digital Unit, Aims to Compete With Bulge-Bracket Firms
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
