Digital Asset Infrastructure Leader PolySign Acquires Top Cryptocurrency and Digital Asset Fund Administrator MG Stover
Summary
The acquisition of MG Stover’s best-in-class fund service capabilities will enable PolySign to deliver a comprehensive, vertically integrated custody, trading and administration offering to institutional investors for cryptocurrency and digital assets. Alongside this acquisition, PolySign will complete its Series C capital raise, adding new investors to its shareholder base, including Soros Fund Management, Brevan Howard, and GSR. These advances have enabled PolySign to provide institutional investors with secure, compliant access to the multi-trillion dollar digital asset market. PolySign is a transformative financial technology company providing institutional investors with cutting-edge blockchain-enabled infrastructure in support of digital assets across the capital markets and payments sectors. MG Stover has also built a leading proprietary back-office data aggregation and reconciliation software that supports the reporting process of hundreds of digital asset funds.