MG Stover services hedge funds, private equity and venture capital funds and has over $40b in digital assets under administration. The company has developed a focus on digital assets as the sector grows. 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.
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PolySign to buy digital asset fund administrator MG Stover for cash and stock
“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.
