SKN | Securitize Posts Record Revenue Growth While Preparing for Public Market Debut

Key Points:

• Securitize reported record quarterly revenue of $19.5 million as institutional demand for tokenized real-world assets continued growing.
• Despite strong revenue growth, the company remained unprofitable, posting a net loss of $7.9 million during the quarter.
• The tokenization platform is moving ahead with plans to go public through a merger with Cantor Equity Partners II.

Securitize Delivers Record Quarter

Tokenization platform Securitize reported its strongest quarterly revenue performance to date as the company pushes toward becoming one of the few publicly traded firms focused primarily on blockchain-based securities and tokenized real-world assets.

The Miami-based company announced Wednesday that first-quarter revenue climbed 39% year over year to $19.5 million, marking the highest quarterly revenue in the company’s history.

The results reflect continued institutional interest in tokenized financial products and blockchain-based infrastructure tied to traditional assets.

Asset Servicing Business Expands Rapidly

A major driver behind Securitize’s growth came from its rapidly expanding asset-servicing division.

Revenue from asset servicing surged 201% to $8.3 million compared with the same period a year earlier.

The company said its Securitize Fund Services business was servicing approximately 650 active funds as of March 31, highlighting growing demand from institutional clients seeking blockchain-enabled fund infrastructure and administration services.

Meanwhile, tokenization-related revenue reached $11.1 million, remaining largely stable compared with the prior year.

Billions in Tokenized Assets Managed

Securitize continues to grow its position as one of the largest players in the tokenized asset sector.

At the end of the quarter, the company reported approximately $3.4 billion in tokenized assets under management.

It also oversaw around $24.9 billion in assets under administration while recording roughly $1.9 billion in aggregated transaction volume across its platform.

The figures reflect the broader expansion of the tokenized real-world asset market, which has become one of the fastest-growing segments within blockchain finance over the past year.

Losses Widen Ahead of Public Listing

Despite the strong revenue growth, Securitize remains unprofitable as it increases spending tied to expansion efforts and preparations for entering public markets.

The company posted a net loss of $7.9 million, or 88 cents per diluted share, during the quarter.

Adjusted EBITDA also declined sharply to $800,000 from $4.1 million in the same period last year.

Chief Financial Officer Francisco Flores said the company has continued investing heavily in infrastructure, hiring and operational expansion while preparing for its transition into a publicly traded company.

He added that management remains focused on balancing long-term growth initiatives with disciplined expense management.

Public Listing Plans Advance

Securitize is currently pursuing a public listing through a merger with Cantor Equity Partners II, a Nasdaq-listed special purpose acquisition company.

The transaction would position Securitize among a very small group of publicly traded companies whose core business centers around tokenized securities and blockchain-based real-world assets.

Shares of Cantor Equity Partners II rose approximately 5% following the earnings release and continued progress toward the merger.

Institutional Partnerships Expand

The company has also continued expanding its institutional footprint through partnerships with major players across traditional finance and decentralized finance sectors.

Securitize recently deepened collaborations involving the New York Stock Exchange, Uniswap Labs and other blockchain infrastructure firms as institutions increasingly explore tokenized financial products.

The tokenization sector has attracted growing interest from banks, asset managers and fintech firms looking to modernize settlement systems, improve liquidity and expand access to traditionally illiquid assets.

Tokenization Momentum Continues Growing

Securitize’s latest results highlight the growing momentum behind blockchain-based tokenization despite profitability challenges still facing many firms in the sector.

Institutional investors continue exploring tokenized versions of funds, bonds, Treasurys and private market assets as blockchain infrastructure becomes more integrated into traditional finance.

While many tokenization companies remain in investment and expansion phases, the rapid increase in assets under management and institutional partnerships suggests the sector is moving closer toward mainstream financial adoption.