Securitize Jumps 10% After River One Deal Targets $9 Trillion Asset-Backed Finance Market
Updated
Updated · CNBC · Nov 9
Securitize Jumps 10% After River One Deal Targets $9 Trillion Asset-Backed Finance Market
1 articles · Updated · CNBC · Nov 9
Summary
Securitize shares rose about 10% postmarket after the tokenization platform paired third-quarter growth with a River One acquisition and a $50 million share buyback.
Revenue climbed 28% to $11.5 million, tokenized assets grew 9% to $4.8 billion, and transaction volume increased 20% to $4.3 billion as tokenization sentiment strengthened ahead of the SEC's Sept. 17 Innovation Exemption.
Costs surged 183%, pushing adjusted EBITDA to a $2 million loss from a $3.6 million profit a year earlier, though that still improved from a $5.5 million loss in the second quarter.
River One expands Securitize beyond tokenized funds, treasuries and stocks into stablecoin-backed links to traditional lending, where CEO Carlos Domingo said the company sees a chance to modernize a $9 trillion market.
The move broadens Securitize's reach as competition in institutional tokenization intensifies, with BlackRock, Franklin Templeton, DTCC and Broadridge all pushing into the sector.