Securitize Just Had Its Best Quarter Ever — and It’s About to Go Public

TLDR

• Securitize reported record Q1 revenue of $19.5 million, up 39% year over year
• Asset servicing revenue jumped 201% to $8.3 million
• The company oversaw $3.4 billion in tokenized assets under management at quarter end
• Net loss widened to $7.9 million as spending increased ahead of a planned public listing
• Securitize is set to go public via a SPAC merger with Cantor Equity Partners II, expected in the second half of 2026

Securitize, the Miami-based tokenization platform, reported its best quarterly revenue on record in the first three months of 2026, as it prepares to become a publicly traded company.

The company posted Q1 revenue of $19.5 million, a 39% increase compared to the same period last year.

Asset Servicing Leads the Growth

Asset servicing was the standout performer. Revenue in that segment surged 201% to $8.3 million, driven by the growth of Securitize Fund Services, which serviced 650 active funds as of March 31.

Tokenization revenue came in at $11.1 million, roughly flat compared to $11 million in Q1 of last year.

The company processed $1.9 billion in transaction volume during the quarter and held $24.9 billion in total assets under administration.

Tokenized assets under management reached $3.4 billion at the end of March. That figure remains a small slice of the company’s total assets under administration.

Losses Widen as Spending Increases

Despite the revenue growth, Securitize posted a net loss of $7.9 million, or 88 cents per diluted share. That compares to a smaller loss in the prior year period.

The company said the wider loss reflects increased hiring and infrastructure spending, as well as costs tied to preparations for going public.

Securitize remained profitable on an adjusted Ebitda basis, though that figure fell to $800,000 from $4.1 million a year earlier.

CFO Francisco Flores said the company ended the quarter with a solid liquidity position and approximately breakeven operating cash flow, before accounting for working capital movements and public company related expenses.

New Partnerships and Regulatory Signals

The quarter brought several institutional partnerships. In March, Securitize and the New York Stock Exchange announced a collaboration to support the tokenized securities market. Securitize was named the first firm eligible to mint blockchain-based securities for ETFs on the NYSE’s Digital Trading Platform.

The company also expanded the reach of BlackRock’s BUIDL tokenized money market fund through a new integration with Uniswap Labs. Shares of the fund are now available to trade on UniswapX infrastructure.

On the regulatory side, FINRA approved Securitize this month to custody tokenized securities and underwrite tokenized IPOs and secondary offerings. Bloomberg also reported that the SEC may soon announce an innovation exemption framework for tokenized stocks.

Benchmark analysts described Securitize as a “picks and shovels” play for tokenization, suggesting that even a small share of the NYSE’s roughly $44 trillion market capitalization could more than double its tokenized asset base.

SPAC Merger on Track

Securitize is moving forward with its plan to go public through a merger with Cantor Equity Partners II, a Nasdaq-listed special purpose acquisition company. The deal is expected to close in the second half of 2026, with shares trading under the ticker SECZ.

Shares of Cantor Equity Partners II rose 5% on Wednesday following the earnings release.

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