Markets & Business
Securitize hits record $5B in tokenized assets, OKs up to $50M buyback
Securitize says average tokenized assets hit a record $5 billion in Q3, up 39% year over year, as the company authorized an up to $50 million share buyback.
Tokenization platform Securitize said average Tokenized Assets on its platform hit a record $5.0 billion in the third quarter, up 39% year over year, with total Tokenized Assets of $4.8 billion as of September 30 — up 9%. The quarter was the company’s first as a public company: Securitize completed its combination with Cantor Equity Partners II on July 1 and began trading on the NYSE as SECZ the next day. Total revenue came to $18.6 million, up 13% from a year earlier and the second-highest quarterly figure in the company’s history, though Securitize posted a net loss of $66.3 million — about 90% of it non-cash charges tied to the business combination and public listing — and an Adjusted EBITDA loss of $2.0 million, compared with positive Adjusted EBITDA of $3.6 million in the same period last year.
On November 6, Securitize’s board authorized an up to $50 million share buyback program, running through the end of 2027 and funded from cash on hand; the company ended the quarter with about $300 million in cash and no debt. Securitize also said it has agreed to acquire River One, an institutional asset-backed financing platform, moving the company into tokenized asset-backed lending, and that it launched Securitize Stocks after the quarter closed, letting eligible investors trade U.S. equities onchain alongside the company’s own tokenized stock. CEO Carlos Domingo said the quarter’s growth — fueled by asset managers bringing new products onchain — is “the clearest sign yet that institutions are past the experimenting stage.”
CFO Francisco Flores said revenue rose 29% from the prior quarter and that roughly 90% of the net loss stemmed from non-cash items linked to the NYSE listing, while Adjusted EBITDA improved 64% sequentially. Aggregate transaction volume on the platform came to $4.3 billion for the quarter, up 20%, while Securitize Fund Services served 669 active funds, roughly flat from a year earlier, with $25.2 billion in assets under administration — down 29%. Securitize also became an SEC-registered investment adviser during the quarter.
Why it matters
The quarter shows Securitize converting its NYSE listing into scale — a record tokenized-asset base and asset managers like BlackRock and ARK building products on its rails — even as the business combination’s one-time charges still weigh heavily on the bottom line.