Tokenization firm Securitize reports 39% revenue growth ahead of its planned Nasdaq listing via SPAC merger with $CEPT.
Securitize reported first-quarter revenue of $19.5 million, a 39% increase and its highest quarterly total, driven by a 201% surge in asset-servicing revenue to $8.3 million. Tokenization revenue remained flat at $11.1 million, while net losses widened to $7.9 million amid higher costs tied to its public-market transition.
The company’s adjusted EBITDA fell to $800,000 from $4.1 million a year earlier, reflecting investments in headcount and listing preparations. Securitize ended the quarter with $3.4 billion in tokenized assets under management and $24.9 billion in assets under administration.
Securitize is set to go public through a merger with Cantor Equity Partners II ($CEPT), positioning itself as a listed proxy for real-world asset tokenization. The deal follows recent collaborations, including a partnership with the New York Stock Exchange to support tokenized securities markets.