Securitize's tokenized AUM hit a record $4.3B in Q2, but revenue fell 5% to $14.4M. Net loss widened to $21.7M as the company scales for institutional growth.
Alpha Score of 40 reflects weak overall profile with moderate momentum, poor value, moderate quality, moderate sentiment.
Securitize's tokenized assets under management hit a record $4.3 billion in the second quarter, yet revenue fell 5% to $14.4 million as the company's net loss widened.
The tokenization platform processed $5.3 billion in transaction volume during the period, up 147% from a year earlier. More than seven assets on the platform each had $100 million or more in AUM, Securitize said.
The drop in revenue, even as activity rises, reflects the early-stage volatility CFO Francisco Flores described. “Quarterly revenue can remain volatile at this stage of the company’s growth,” he said in the earnings release. Net loss reached $21.7 million, compared with $6.1 million a year earlier. Adjusted EBITDA swung to a $5.5 million loss from a $1.8 million profit in the same period last year.
Securitize is building infrastructure to bring traditional markets onchain. During Q2, Computershare and Continental Stock Transfer & Trust selected the company to support tokenized shares for U.S. public companies. The firm also expanded its relationship with the New York Stock Exchange around tokenized equities.
Separately, Securitize Markets received FINRA approval to custody tokenized securities, enabling atomic settlement between tokenized securities and stablecoins.
The company ended the quarter with $350 million in cash and no debt, after completing its business combination. It began trading on the New York Stock Exchange on July 2, becoming the first tokenization company to go public.
Flores said the company reported “solid progress” on financial goals in the quarter, with total revenue of $14.4 million. Securitize believes it is “positioned for the next stage of institutional tokenization growth,” with roughly $5 billion in assets now managed onchain.
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