Securitize, the tokenization platform, reported record average tokenized assets under management of $4.3 billion for the second quarter, up 16% from a year earlier. The figures, the first since the company began trading publicly, also showed revenue falling 5% to $14.4 million and a net loss that widened to $21.7 million.
Record tokenized assets
Securitize's average tokenized assets under management hit $4.3 billion in Q2, a record for the company and a 16% increase from the same period last year. The company manages tokenized versions of real-world assets, including private credit and funds.
Revenue and losses
Revenue for the quarter totaled $14.4 million, down 5% from a year ago. The company's net loss widened to $21.7 million, a larger shortfall than the prior year.
First public quarter
These results are the first Securitize has released since it began trading publicly. The company's public listing means its quarterly numbers are now part of the public record. The next quarterly report will show whether the record asset growth can offset the widening losses.
