What to know:
- Securitize reported record first-quarter revenue of $19.5 million, up 39% from a year earlier, driven largely by rapid growth in its asset-servicing business.
- The company remains unprofitable, with its net loss widening to $7.9 million as it increases spending ahead of a planned public listing via a SPAC merger with Cantor Equity Partners II.
- Securitize deepened its institutional reach through new partnerships with the New York Stock Exchange, Uniswap Labs and others, while overseeing $3.4 billion in tokenized assets under management.
Securitize announced its highest-ever quarterly revenue as it moves closer to becoming a publicly traded company through a merger with Cantor Equity Partners II. This growth highlights increasing interest from institutions in owning real-world assets as tokens, even though maintaining profitability remains a challenge.
Miami-based company reported a record first quarter with $19.5 million in revenue, a 39% increase compared to the same period last year. These results were announced on Wednesday.
Revenue from asset servicing jumped to $8.3 million, more than doubling thanks to the growth of Securitize Fund Services, which was managing 650 funds as of March 31st. Tokenization revenue remained steady at $11.1 million, compared to $11 million during the same period last year.
At the end of the quarter, the company managed $3.4 billion in digital assets, oversaw a total of $24.9 billion in assets, and processed $1.9 billion in transactions.
Although Securitize saw revenue increase, the company continued to operate at a loss due to investments in growth and preparations for going public. The net loss grew to $7.9 million (88 cents per share), and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) decreased from $4.1 million to $800,000 compared to the previous year.
According to CFO Francisco Flores, the company is still investing in its people and systems to prepare for future growth and becoming a public company, all while carefully controlling costs.
Securitize and Cantor Equity Partners II, a publicly traded company, have agreed to combine their businesses. This deal will make Securitize one of the few companies publicly available on the stock market that specializes in turning real-world assets into digital tokens. Shares of Cantor Equity Partners II (CEPT) increased by 5% on Wednesday following the announcement.
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2026-05-20 21:39