Securitize Shares Surge 10% After Q3 Growth, Announces Asset‑Backed Finance Expansion

Securitize, a leading tokenization platform, jumped roughly 10% in after‑hours trading following its third‑quarter results, which highlighted growth amid higher operating costs, and the announcement of a strategic move into asset‑backed finance.

Based in Miami, Securitize— which went public in July— focuses on institutional tokenization infrastructure within the crypto equity space. Tokenized assets on the platform rose 9% year‑over‑year in Q3 to $4.8 billion, while total transaction volume increased 20% to $4.3 billion. Revenue climbed 28% to $11.5 million.

The gains were supported by heightened optimism for tokenization during Q3, especially after the SEC’s long‑awaited Innovation Exemption was formalized on September 17. The exemption creates a temporary pathway for trading certain tokenized securities and improves the regulatory outlook for the sector.

Nevertheless, profitability remains below prior‑year levels, reflecting costs tied to the summer IPO and the scaling of its tokenization business amid a bustling sector, according to CEO Carlos Domingo in an exclusive CNBC interview.

Stronger compliance

The company strengthened key functions including finance, compliance, legal and cybersecurity, which raised operating expenses relative to its privately held days, Domingo noted. “We are in a very strong position, and adjusted EBITDA is improving markedly from recent quarters.”

Adjusted EBITDA was a $2 million loss, a modest improvement from a $5.5 million loss in Q2 but still a decline from the $3.6 million profit recorded a year earlier. Operating costs and expenses rose 183%.

On Monday, the board approved a $50 million share‑buyback program and announced the acquisition of River One, an institutional asset‑backed financing platform that links stablecoin capital with traditional lending markets. Deal terms were not disclosed.

Domingo said Securitize aims to modernize the $9 trillion asset‑backed finance market by leveraging stablecoins to fund real‑world assets, generate yield, and tokenize investment positions and credit products.

The deal expands Securitize beyond its core niche at a time when tokenization is attracting major players. Traditional asset managers such as BlackRock and Franklin Templeton, as well as established infrastructure providers like DTCC and Broadridge, are entering the space.

“We have been very active in tokenized funds, treasuries and yield, and we have also recently focused on tokenized stocks,” Domingo added. “This acquisition adds another piece to our emerging tokenization puzzle and should help drive revenue growth.”

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