Securitize posted a record quarter as investor interest in tokenized real-world assets (RWAs) continues to climb — even as the tokenization platform spends to scale and prepare for a public listing. The Miami-based firm reported first-quarter revenue of $19.5 million, up 39% year‑over‑year and the highest quarterly haul in its history. The growth was driven largely by a surge in asset servicing, which jumped 201% to $8.3 million as Securitize Fund Services expanded its footprint (it serviced 650 active funds as of March 31). Tokenization revenue was essentially flat at $11.1 million versus $11.0 million a year earlier. Key balance-sheet and activity metrics included: - $3.4 billion in tokenized assets under management (AUM) - $24.9 billion in assets under administration (AUA) - $1.9 billion in aggregated transaction volume Despite top-line momentum, Securitize’s net loss widened to $7.9 million (88 cents per diluted share). The company said the bigger loss reflected higher spending on headcount, infrastructure and other expenses tied to growth and the transition to a public company. On an adjusted EBITDA basis Securitize remained profitable, though adjusted EBITDA fell to $800,000 from $4.1 million in the prior-year quarter. Chief Financial Officer Francisco Flores framed the results as an investment phase aimed at long‑term scale and a smooth public-market transition. “Despite increased investments in headcount to support the growth of the business and prepare for becoming a public company, we delivered strong positive operating leverage for the quarter,” Flores said. “We also ended the quarter with a solid liquidity position and approximately breakeven operating cash flow before working capital movements and public-company related expenses.” Securitize is advancing its plan to go public via a merger with Cantor Equity Partners II (CEPT), a Nasdaq‑listed special purpose acquisition company. The deal would make Securitize one of the relatively few public firms focused primarily on tokenized securities and RWAs; CEPT shares rose about 5% on Wednesday following the results. The quarter highlights growing institutional demand for tokenization services and asset servicing, even as companies in the sector weigh near-term profitability pressures against investment to capture a rapidly expanding market for tokenized real‑world assets. Read more AI-generated news on: undefined/news