- Securitize shares rose 12.20% after hours as Q3 revenue increased 13% to $18.6 million.
- Average tokenized assets reached $5 billion, while the quarterly net loss totaled $66.3 million.
- The River One agreement adds a planned lending expansion alongside a $50 million buyback.
Securitize shares (NYSE: SECZ) rose 12.20% to $7.82 in after-hours trading Monday. The move followed third-quarter results and a River One agreement. Total revenue grew 13% year over year to $18.6 million, following a 5% annual decline in Q2. The tokenization platform also unveiled a $50 million share buyback as it moved toward lending backed by stablecoin capital.
Securitize Revenue Growth Offsets Asset Servicing Decline
Securitize generated $11.5 million in tokenization revenue, up 28% from a year earlier. Asset servicing revenue fell 6% to $7.2 million, leaving tokenization to drive overall growth.
Average tokenized assets reached a record $5 billion, up 39% year over year. Holdings at September 30 totaled $4.8 billion, a separate measure from the quarterly average. Transaction volume increased 20% to $4.3 billion.
Securitize reported a $66.3 million net loss, or $0.41 per diluted share. Roughly 90% reflected non-cash charges, primarily from its business combination and public listing. Adjusted EBITDA remained negative at $2 million, improving from a $5.5 million loss in Q2.
The company ended September with approximately $300 million in cash and cash equivalents and no debt. Its buyback authorization runs through December 2027 and permits purchases without requiring them.
Full-year revenue guidance stayed at $70 million to $80 million. Management cautioned that integration milestones can shift reported revenue between quarters, despite growing institutional interest in tokenized assets.
River One Agreement Targets Stablecoin Lending Expansion
Securitize agreed to acquire River One to add credit origination and warehouse financing to its infrastructure. Warehouse facilities give lenders capital to fund loans before arranging longer-term financing.
River One plans to source financing from stablecoins while borrowers access and repay funds in ordinary dollars. Its technology supports credit assessment, collateral monitoring and management of lending facilities.
The proposed combination would let institutions tokenize financial assets and borrow against them through one platform. Securitize identified a $6 trillion global private asset-backed finance market as the opportunity.
Framework Ventures incubated River One, and Framework Ventures and Maple Finance backed it. The acquisition is expected to close in the fourth quarter of 2026, subject to customary closing conditions.
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