Securitize Q1 Revenue Climbs 39% to $19.5M, Readies SPAC Merger
Securitize’s Q1 revenue rose 39% to $19.5 million, fueled by a 201% asset servicing gain to $8.3 million alongside $11.1 million in tokenization revenue. It posted a $7.9 million net loss and $0.8 million adjusted EBITDA before closing its SPAC merger with Cantor Equity Partners II.
1. Record Q1 Revenue Growth
Securitize reported its strongest quarter with revenue up 39% year-over-year to $19.5 million, driven by a 201% surge in asset servicing revenue to $8.3 million and steady tokenization sales of $11.1 million.
2. Profitability and Cost Pressures
The company incurred a net loss of $7.9 million, or $0.88 per diluted share, while adjusted EBITDA declined to $0.8 million from $4.1 million in the prior year due to increased headcount and listing-related expenses.
3. SPAC Merger and Asset Totals
Securitize has agreed to combine with Cantor Equity Partners II to list on Nasdaq, entering the public markets with $3.4 billion in tokenized assets under management, $24.9 billion of assets under administration and $1.9 billion in transaction volume.
4. Institutional Partnerships Expansion
The firm deepened ties with major institutions through a collaboration with the New York Stock Exchange, expanded liquidity for BlackRock’s BUIDL fund via UniswapX, and secured a mandate to tokenize loan interests for the Trump International Hotel & Resort in the Maldives.