Compliance-First Tokenization Drives $4B RWA Scale at Securitize

• Securitize has tokenized more than $4 billion in real-world assets.
• Treasury-backed products make up about 59% of assets on the platform.
• Revenue rose 841% year-over-year to $55.6 million for the first nine months of 2025.

Securitize has built a regulation-first tokenization platform that has scaled more than $4 billion in real-world assets. Unlike many tokenization projects focused on equities or experimental assets, research shows that most demand on Securitize comes from low-risk institutional products.

US Treasury-backed assets account for about 59% of the tokenized supply on the platform. Private equity remains a small segment, as Securitize is still an early entrant in that category. Research shows that the bulk of activity comes from institutions seeking yield, liquidity, and legal certainty.

Revenues Scale With Compliance

Securitize reported $55.6 million in revenue for the first nine months of 2025, up from $5.9 million during the same period in 2024. That represents an 841% increase.

Full-year revenue reached $18.8 million in 2024, up from $8.2 million in 2023. Internal projections cited in recent filings suggest annual revenues could reach as high as $110 million.

The numbers show that regulated tokenization can support recurring revenue, not just pilot programs.

Regulation as an Advantage

Securitize operates inside existing securities frameworks rather than around them. In the US, it runs as a FINRA-compliant platform. In Europe, it operates under MiFID registration.

Investor eligibility, transfer limits, reporting, and record-keeping are built directly into the system, while ownership updates are automatic. Settlement speeds improve because fewer intermediaries are involved, not because rules are removed.

IPO Path and Plans

Securitize is moving closer to the public markets through a planned merger with Cantor Equity Partners II. The companies have filed a Form S-4 with the SEC, which remains under review. If approved, Securitize is expected to list on Nasdaq under the SECZ ticker.

Meanwhile, BlackRock identified Bitcoin and tokenization as key market drivers for 2026 and now runs a tokenized US dollar money market fund, BUIDL, issued by Securitize, with nearly $2 billion in assets. JPMorgan launched its first tokenized money market fund on Ethereum in December as well.

Research from Ripple estimates that tokenized financial assets could reach $19 trillion by 2033, a 53% annual growth rate. US Treasuries have emerged as the earliest large-scale use case, followed by private credit.

Related: Ripple–Securitize Tie-Up Brings RLUSD Into Real-World Asset Funds