Securitize Q2 tokenized transactions reach 5.3 billion, revenue falls to 14.4 million

Securitize reported average tokenized assets under management of 4.3 billion, a 16% increase year-over-year, while aggregate transaction volume surged 147% to 5.3 billion in Q2. Despite this growth, revenue declined 5% to 14.4 million, resulting in a net loss of 21.7 million. The increase in transaction volume was primarily driven by subscription and redemption activities in BlackRock's funds and a 250 million subscription to the Securitize Tokenized AAA CLO Fund. Tokenization revenue fell 12% to 7.8 million due to fewer completed on-chain integrations, while asset-servicing revenue rose 3% to 6.6 million. Operating costs jumped 56% year-over-year to 24.1 million, leading to an operating loss of 9.7 million. Adjusted EBITDA shifted from a profit of 1.8 million to a loss of 5.5 million. As of June 30, Securitize had 33.6 million in cash, with a pro forma balance sheet showing 352.6 million in combined cash post-business combination with Cantor Equity Partners II.

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