BlackRock-backed tokenization platform Securitize has released its third-quarter results of 2026 with revenue and tokenized asset growth but a wider operating loss.
According to the financial results, the company recorded $18.6 million in revenue, up 13% year-over-year (YoY), marking its second-highest quarterly revenue. This happened as the average tokenized assets on the platform reached a record $5 billion, up 39% YoY as of writing.
Notably, aggregate transaction volume also increased 20% to $4.3 billion. However, its net loss reached $66.3 million, including approximately $60 million in largely non-cash expenses related to its business combination, NYSE listing, and accounting charges.
Additionally, adjusted EBITDA recorded a $2 million loss, compared with a $3.6 million profit a year earlier.
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Securitize to take over River One
This comes as the company also agreed to acquire River One to enter institutional asset-backed financing and announced a $50 million share repurchase program, running through December 2027.
This resulted in the firm’s stock rising more than 12% after markets closed on the 9th of November. At press time, $SECZ was trading at $6.97, up by 0.14% in the past trading day.
With this, Securitize also became the second-largest real-world asset (RWA) platform, with $3.7 billion in tokenized asset value, according to RWA.xyz.
Tokenization garners attention
In fact, Artemis’s recent report also argued that tokenized equities are in the early stages of a growth path similar to stablecoins. Data scientist Andrew Van Aken at Artemis highlighted how, at around 16 months, tokenized equities sat near $2.9 billion, while stablecoins were closer to $1.2 billion at the same point, and said,
It’s entirely possible tokenized equity market cap could be hundreds of billions of dollars in the coming years.
Echoing similar sentiments, XRP DAT, EvernorthXRP noted,
Tokenization went from $14B to $400B in two years, according to industry estimates.
However, around 90% of these assets remain on-chain primarily as digital records, rather than being actively used in financial transactions.
Speaking at The Korea Herald’s WDAF 2026 event in Seoul, Chief Business Officer at EvernrthXRP, Sagar Shah, highlighted this shift, explaining that the next phase of tokenization will focus on making these assets productive.
The first phase was about getting assets on-chain. The next one is making them productive.
The road ahead
This coincided with AMBCrypto’s recent report, which indicated that AI-related assets accounted for 48% of total tokenized U.S. stock and ETF trading volume, up 4 percentage points from the previous month.
At the same time, traditional financial markets are also moving towards tokenization, with Morgan Stanley integrating DTCC’s new DTC Tokenization Service, which went live on 28th October.
However, all of this happens as the U.S. Securities and Exchange Commission (SEC) is increasing its focus on tokenization as part of its fiscal year 2027 examination priorities. Here, the SEC intends to examine whether companies offering tokenized financial products are following existing securities laws.
Final Summary
- Securitize’s net loss reached $66.3 million, wherein adjusted EBITDA recorded a $2 million loss.
- The tokenized equities are in the early stages of a growth path similar to stablecoins.Â
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