Securitize Q1 Revenue Up 39%, Asset Servicing Soars 201% Ahead of SPAC Merger
CEPT•Q1 revenue rose 39% to $19.5 million, with asset servicing up 201% to $8.3 million and tokenization revenue at $11.1 million. The net loss was $7.9 million (88 cents per share) and adjusted EBITDA dropped to $0.8 million as it advances its SPAC merger with Cantor Equity Partners II.
1. Record Q1 Revenue Growth
Securitize delivered its highest quarterly revenue of $19.5 million, a 39% increase over last year. Asset servicing led the gain with a 201% surge to $8.3 million, while tokenization revenue remained steady at $11.1 million.
2. Profitability Metrics Under Pressure
The company reported a net loss of $7.9 million, or 88 cents per diluted share, and adjusted EBITDA fell to $0.8 million from $4.1 million a year ago. Increased headcount and SPAC-related expenses contributed to the wider loss and margin compression.
3. SPAC Merger with Cantor Equity Partners II
Securitize is on track to complete its planned merger with Cantor Equity Partners II, positioning it for a Nasdaq listing. The transaction is expected to provide public-market access and support continued growth in tokenized asset offerings.
4. Institutional Partnerships and AUM Expansion
Securitize ended the quarter with $3.4 billion in tokenized assets under management, $24.9 billion under administration, and $1.9 billion in transaction volume. Key collaborations include initiatives with the New York Stock Exchange, BlackRock’s BUIDL fund on UniswapX, and tokenization of Maldives hotel loans.
