Securitize's revenue hits a new high! The tokenized asset management scale surpasses $3.4 billion, with plans to go public in the second half of the year.

Tokenization company Securitize's first-quarter revenue reached $19.5 million, setting a new record high, a significant increase of 39% compared to last year, and plans to go public in the United States in the second half of the year through a merger with a special purpose acquisition company (SPAC).

Tokenization company Securitize delivered a highly significant performance report on Wednesday, with first-quarter revenue of $19.5 million, not only breaking the historical record but also increasing by 39% compared to the same period last year. Additionally, Securitize is expected to officially list in the U.S. in the second half of the year through a merger with a SPAC, with the stock ticker "SECZ."

Asset scale and trading volume soar, becoming the first choice for institutional entry

As of March 31, Securitize manages tokenized assets totaling $3.4 billion, though this still accounts for only a small part of the company's total custodial assets (nearly $25 billion). Securitize also disclosed that its first-quarter trading volume reached $1.9 billion, and it currently provides technical support for approximately 650 funds worldwide through its fund service platform.

Behind this impressive performance is a microcosm of traditional financial institutions aggressively entering the "tokenization" field. Securitize stated in a declaration: "Asset tokenization has evolved from a single isolated product into an interconnected financial system."

In March this year, Securitize announced a partnership with the New York Stock Exchange (NYSE), making it the first institution approved to issue blockchain tokenized securities for ETFs on NYSE's "Digital Trading Platform."

Wall Street investment firm Benchmark analysts praised Securitize as a "picks and shovels" player in this gold rush of tokenization (meaning a company that doesn't directly participate in the risky gold mining but provides infrastructure and tools). The analysts pointed out that NYSE's current market capitalization is as high as $44 trillion, and if Securitize can capture just "one basis point (0.01%)" of that market share in the future, its tokenized asset scale will double directly.

In addition to traditional finance, Securitize has also partnered with Uniswap Labs in the DeFi sector, successfully integrating the asset management giant BlackRock's BUIDL tokenized money market fund into the DeFi ecosystem. Now, global investors can easily trade shares of the BUIDL fund directly on UniswapX's decentralized infrastructure.

Striving for a listing in the second half of the year

Meanwhile, changes in the U.S. regulatory environment have also injected confidence into the RWA (Real-World Asset) market. Earlier reports from BlockBeats indicated that the U.S. Securities and Exchange Commission (SEC) is developing an "innovative exemption framework" for tokenized stocks; the U.S. Financial Industry Regulatory Authority (FINRA) also officially approved Securitize's custody qualifications for tokenized securities at the beginning of the month, allowing the company to underwrite tokenized IPOs and secondary market trading.

With strong operational momentum and regulatory benefits, Securitize's steps toward the capital market have never slowed. The company plans to go public in the second half of the year through a merger with SPAC Cantor Equity Partners II, with the stock ticker "SECZ."

• This article is reprinted with permission from: BlockBeats
• Original title: "Securitize achieves record high in Q1 revenue! 'Tokenized asset' management scale surpasses $3.4 billion"
• Original author: Block Sister MEL