Securitize Achieves Record Revenue Amid Ongoing Losses
- First-quarter revenue rose by 39% year-over-year to $19.5 million, marking the highest quarterly revenue in company history.
- Asset servicing revenue surged 201% to $8.3 million, with Securitize Fund Services servicing 650 active funds.
- Tokenization revenue totaled $11.1 million, slightly up from $11 million a year earlier.
- The company reported a net loss of $7.9 million, or 88 cents per diluted share.
- Securitize ended the quarter with $3.4 billion in tokenized assets under management and $24.9 billion in assets under administration.
Despite achieving record revenues, Securitize remains unprofitable as it invests heavily in expansion and prepares for its public listing through a SPAC merger with Cantor Equity Partners II (CEPT). The company’s Chief Financial Officer emphasized the importance of disciplined expense management while pursuing long-term growth.
In the first quarter, Securitize’s asset servicing revenue increased significantly, contributing to overall revenues of $19.5 million, even as the firm faced a widening net loss of $7.9 million.(Source)
