Securitize remains in the red even as record quarter fuels public listing plans
CoinDesk
Securitize reported record quarterly revenue of $19.5 million but remains unprofitable while pursuing a public listing via a SPAC merger.Summary
Securitize achieved a record $19.5 million in revenue during the first quarter, representing a 39% year-over-year increase driven by strong performance in asset servicing and tokenization. Despite this top-line growth, the firm reported a net loss of $7.9 million as it continues to invest heavily in expansion and preparations for a transition to public markets. The company is moving forward with a proposed merger with Cantor Equity Partners II (CEPT) to become a publicly traded entity focused on real-world asset tokenization.
(Source：CoinDesk)