Miami-based Securitize advanced roughly 10% in postmarket activity after reporting third quarter financial results and announcing a strategic acquisition to expand its business operations. The tokenization platform, which completed its public market debut in July, reported revenue of $11.5 million, representing a 28% increase compared to the prior year period.
Tokenized assets on the Securitize platform grew 9% in the third quarter to reach $4.8 billion, while aggregate transaction volume rose 20% from a year ago to $4.3 billion. The company’s growth trajectory aligned with increased bullish sentiment surrounding tokenization throughout the quarter. This momentum was bolstered when the Securities and Exchange Commission formalized the Innovation Exemption on September 17, creating a temporary pathway for trading certain tokenized stocks and improving the regulatory environment.
Profitability metrics declined from year-ago levels, with adjusted EBITDA posting a loss of $2 million compared to positive adjusted EBITDA of $3.6 million in the prior year period. The company attributed the decline to costs associated with its recent public offering and business scaling efforts, as well as increased spending on finance, compliance, legal and cybersecurity functions. Adjusted EBITDA losses improved from a $5.5 million loss in the second quarter. Operating costs and expenses surged 183% during the period.
Securitize announced the acquisition of River One, an institutional asset-backed financing platform, as part of efforts to modernize the $9 trillion asset-backed finance market using stablecoins. The board also authorized a $50 million share buyback program. The acquisition expands Securitize’s reach beyond its core markets as the tokenization sector grows increasingly competitive, with traditional asset managers and established financial infrastructure providers entering the field.
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