Securitize Revenue Rises 28% With Planned River One Acquisition

Securitize's third-quarter revenue climbed 28% year over year to $11.5 million as it announced plans to acquire River One, adding asset-backed finance capabilities to its tokenization business.

The deal, announced Monday, Nov. 9, would extend Securitize's activity into conventional lending. River One is developing tools to connect institutional financing with stablecoin capital for use in traditional credit markets. The companies did not disclose the financial terms.

Securitize CEO Carlos Domingo described the acquisition as a way to expand beyond tokenized funds, Treasuries and stocks. Domingo pointed to a $9 trillion asset-backed finance market, where stablecoins could finance real-world assets, generate yield and support tokenized investment positions and credit products.

During the third quarter, tokenized assets on the platform climbed 9% from a year earlier to $4.8 billion. Aggregate transaction volume reached $4.3 billion, up 20% year over year. Revenue is business income before expenses, while platform assets and transaction volume measure the balances and activity handled by its system.

Adjusted EBITDA was a $2 million loss, compared with a $3.6 million gain in the third quarter of 2025. The loss narrowed from $5.5 million in the second quarter. Operating costs and expenses increased 183%.

Securitize's board also authorized a $50 million share buyback. The company began trading on the New York Stock Exchange in July under the ticker SECZ. The buyback authorization was announced on the same day as the River One acquisition.

The revenue increase follows a different second-quarter result: total revenue fell 5% year over year even as platform activity increased. Securitize's second-quarter report also showed tokenization revenue down 12%.

Securitize's move comes as traditional asset managers BlackRock and Franklin Templeton, along with market infrastructure providers DTCC and Broadridge, enter the tokenization industry. Domingo framed River One as an additional business line for the company as the sector's competitive landscape grows.