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Securitize’s Q1 revenue hit a record high, with its tokenized asset management scale reaching $3.4 billion.

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ME News message: On May 21 (UTC+8), tokenization platform Securitize announced its first-quarter results. Quarterly revenue reached $19.5 million, setting a company record high and up 39% year-over-year. As of March 31, Securitize’s tokenized assets under management totaled $3.4 billion, while its overall assets under administration were nearing $25 billion. During the quarter, the company also processed $1.9 billion in transaction volume and supported about 650 active funds through Securitize Fund Services. In the first quarter, Securitize reached partnerships 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 said tokenization is evolving from a single product format into a more interconnected financial system. (Source: ODAILY)
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