MG Stover is the premier fund administration firm for digital assets. Entering the industry in 2014, we have played a pivotal role in institutionalizing alternative investments in both crypto and blockchain ecosystems. From pioneering accounting standards to establishing industry best practices, no other firm has been servicing crypto funds as long as MG Stover. We know process matters and evolving with our clients requires a different approach.
We continue to press the envelope on reporting capabilities and our internally developed systems have serviced over $40B in digital assets. We’ve made it our goal to bring these systems to market to increase automation as well as the availability and reliability of digital asset data reporting. otto was created out of this necessity…
We were the first fund admin to support a crypto hedge fund
Used observable market inputs to account for digital assets
Developed the concept of Midnight UTC for closing prices when striking NAV
Selected and partnered with the first public accounting firm to audit the first crypto hedge fund
Established the first banking relationship for private digital asset funds
Collaborated with accounting firms to designate the accounting treatment for the first btc fork
Built the first institutional grade crypto portfolio reporting platform
Worked with crypto custodian and platforms to standardize monthly client statements
Partnered with OTC providers to standardize trade confirmations
Led thought discussions with SEC, MAS and SFC on how to examine a crypto fund for regulatory compliance
Built pricing sources with various market leaders
CEO
After graduating from the University of Wisconsin-Madison with a BBA in accounting, and a certificate in International Business from Thames Valley University in London, Matt began his career as a […]
Head of Product
Seth originally joined MG Stover in 2016 as Director of Hedge Funds, overseeing the open-end fund accounting group. One year later, he paired his extensive knowledge of cryptocurrency and accounting […]
Head of Operations
Chase began his career at MG Stover, a leading fund administrator, where he specialized in servicing digital asset funds with complex crypto strategies, gaining extensive knowledge in cryptocurrency and fund […]
Product Manager
Joseph joined MG Stover in 2022 as a product manager for otto. After graduating from University of California, Berkeley, Joseph started his career in consulting with Deloitte, specializing in enterprise […]