Key Highlights
- Q1 revenue reached a company record of $19.5 million, representing a 39% year-over-year increase
- Revenue from asset servicing tripled, climbing 201% to reach $8.3 million
- Tokenized assets under management totaled $3.4 billion by the end of the quarter
- The firm’s net loss expanded to $7.9 million due to increased operational spending and public listing preparations
- A SPAC merger with Cantor Equity Partners II is scheduled for completion in late 2026
The Miami-headquartered tokenization platform Securitize has delivered its strongest quarterly performance to date during the opening quarter of 2026, positioning itself for an upcoming transition to public market trading.
The firm announced Q1 revenue of $19.5 million, marking a 39% uptick from the corresponding quarter in the previous year.
Asset Servicing Division Powers Revenue Expansion
The most impressive gains came from the asset servicing division. This segment experienced explosive growth, with revenue skyrocketing 201% to hit $8.3 million, fueled primarily by the expansion of Securitize Fund Services, which was actively managing 650 funds by March 31.
Tokenization revenue remained essentially stable at $11.1 million, showing minimal change from the $11 million recorded in the first quarter of last year.
Throughout the quarter, the platform facilitated $1.9 billion in transaction volume and maintained $24.9 billion in total assets under administration.
By the conclusion of March, tokenized assets under management stood at $3.4 billion. This amount represents only a modest portion of the company’s overall assets under administration.
Net Losses Expand Amid Strategic Investment
Notwithstanding the robust revenue performance, Securitize recorded a net loss of $7.9 million, equating to 88 cents per diluted share. This exceeded the loss reported in the comparable period last year.
According to company statements, the enlarged loss stems from accelerated hiring initiatives, infrastructure investments, and expenses associated with preparing for the public market transition.
On an adjusted Ebitda basis, Securitize maintained profitability, although this metric declined to $800,000 from $4.1 million in the year-ago period.
CFO Francisco Flores noted that the quarter concluded with strong liquidity and operating cash flow approximating breakeven levels, excluding working capital adjustments and public company preparation costs.
Strategic Alliances and Regulatory Developments
The quarter witnessed several significant institutional collaborations. March saw Securitize and the New York Stock Exchange unveil a partnership aimed at advancing the tokenized securities ecosystem. Securitize received designation as the inaugural firm authorized to create blockchain-based securities for ETFs on the NYSE’s Digital Trading Platform.
Additionally, the company broadened access to BlackRock’s BUIDL tokenized money market fund via a fresh integration with Uniswap Labs. Fund shares can now be traded through UniswapX infrastructure.
Regarding regulatory progress, FINRA granted Securitize approval this month for custody of tokenized securities and underwriting capabilities for tokenized IPOs and secondary market offerings. Bloomberg has also indicated that the SEC may be preparing to unveil an innovation exemption framework specifically for tokenized equities.
Benchmark analysts characterized Securitize as a “picks and shovels” investment opportunity within the tokenization space, noting that capturing even a minimal percentage of the NYSE’s approximately $44 trillion market capitalization could potentially more than double its tokenized asset portfolio.
Public Market Transition Progressing as Planned
Securitize continues advancing its strategy to enter public markets via a merger transaction with Cantor Equity Partners II, a special purpose acquisition company listed on Nasdaq. The transaction is anticipated to finalize during the second half of 2026, with shares expected to trade under the ticker symbol SECZ.
Cantor Equity Partners II shares climbed 5% on Wednesday in response to the earnings announcement.
