If Cantor's SPAC merger fails, Securitize will face greater cash flow pressure.

Crypto World News reports that tokenization platform Securitize announced that its revenue for the first quarter of this year increased by 39% year-over-year to $19.5 million, setting a new record for a single quarter. Among them, asset services revenue grew by 201% year-over-year to $8.3 million. As of March 31, the company managed tokenized assets worth $3.4 billion, with custodial assets totaling $24.9 billion. However, Securitize remains in a loss position, with net losses expanding to $7.9 million from the same period last year, mainly due to increased expenses in its expansion efforts and preparations for going public through a SPAC merger with Cantor Equity Partners II. Securitize has previously established partnerships with organizations such as the New York Stock Exchange and Uniswap Labs.