BlackRock-backed Securitize said it agreed to buy New York financing firm River One, but the acquisition has not closed; it is expected to close in the fourth quarter of 2026. The deal would move Securitize into asset-backed lending. River One is developing technology that would let lenders borrow stablecoin funding against pools of small-business loans or receivables.
Securitize announced the deal alongside third-quarter results. Revenue rose 13% from a year earlier to $18.6 million, while it reported a $66.3 million net loss. The company said about $60 million of the loss largely reflected noncash expenses and accounting charges tied mainly to its business combination and public listing.
