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Securitize Q1 revenue hits new high, tokenized asset management scale reaches $3.4 billion

MeNews
ME News, May 21 (UTC+8), tokenization platform Securitize announced Q1 results, with quarterly revenue reaching $19.5 million, a record high for the company, up 39% year-over-year. As of March 31, Securitize's tokenized asset management scale reached $3.4 billion, with overall asset administration scale approaching $25 billion. The company also processed $1.9 billion in transaction volume during the quarter and served approximately 650 active funds through Securitize Fund Services. During Q1, Securitize partnered with the New York Stock Exchange, Uniswap, and others, and benefited from recent approvals by FINRA and the SEC, paving the way for tokenized stocks, IPOs, and on-chain securities products in the U.S. market. The company stated that tokenization is gradually evolving from a single product model into a more interconnected financial system. (Source: ODaily)
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