Securitize posts record revenue, plans public listing

Securitize, a tokenization platform, achieved a record first quarter with revenue soaring 39% year-over-year to $19.5 million, primarily driven by its asset-servicing business. Despite this strong top-line growth, the company continues to operate at a loss, with its net loss widening to $7.9 million due to increased investments in expansion and preparations for its planned public listing. This listing is anticipated through a SPAC merger with Cantor Equity Partners II, which could position Securitize as a prominent publicly traded entity in the tokenized securities market.