Tokenization platform Securitize reported record revenue of $19.5 million for the first quarter of 2026, a 39 percent year-over-year increase, as the firm prepares for its public listing via a SPAC merger.
"Tokenization is poised to be the most consequential upgrade to U.S. capital-market infrastructure in a generation and this is reflected in the continuous growth of the industry and our strong quarterly revenue numbers," Carlos Domingo, Co-Founder and Chief Executive Officer at Securitize, said in a statement.
The growth was primarily fueled by a 201 percent surge in the company's Asset Servicing Revenue, which reached $8.34 million. This offset a slight 1 percent decline in Tokenization Revenue, which stood at $11.1 million. The company reported a positive adjusted EBITDA of $0.8 million, a sharp decrease from $4.1 million in the same period last year, and a net loss of $7.9 million.
The results come as the market for tokenized real-world assets (RWAs) shows significant expansion. The total market value grew approximately 35 percent from $23 billion to $31 billion during the first quarter, according to data from rwa.xyz cited in the release. Securitize's own Tokenized Assets Under Management (AUM) reached $3.4 billion as of March 31, with aggregated transaction volume on its platform hitting $1.9 billion for the quarter.
Institutional Adoption Drives Partnerships
Securitize highlighted several key partnerships aimed at bridging traditional finance and decentralized finance infrastructure. The company was named a design partner for the New York Stock Exchange's upcoming digital securities platform and will be the first digital transfer agent eligible to mint securities on it.
Further integrating with the DeFi ecosystem, Securitize collaborated with Uniswap Labs to enable shares of BlackRock's BUIDL fund to trade on the decentralized exchange. This move is designed to create new on-chain liquidity pathways for tokenized treasury assets, a cornerstone of the growing RWA sector. Other major asset managers working with Securitize include KKR, Hamilton Lane, and VanEck.
The company is set to go public through a business combination with Cantor Equity Partners II (Nasdaq: CEPT), a special purpose acquisition company. The combined entity, Securitize Holdings, Inc., is expected to trade under the ticker "SECZ" in the first half of 2026, pending regulatory and shareholder approval.
This article is for informational purposes only and does not constitute investment advice.
