Securitize to acquire River One in asset-backed-finance expansion
The NYSE-listed tokenized-assets platform reported higher revenue, a $66.3 million net loss and a new acquisition agreement.
Securitize Corp. (NYSE: SECZ) reported third-quarter 2026 revenue of $18.6 million, up 13% from a year earlier, and announced an agreement to acquire River Credit Labs, known as River One.
The company said the transaction is intended to add institutional asset-backed-finance capabilities and connect stablecoin capital with lending markets. The announcement did not state a purchase price or closing consideration.
Securitize reported a third-quarter net loss of $66.3 million, including approximately $60 million of largely non-cash expenses and accounting charges linked primarily to its business combination and public listing. Adjusted EBITDA was a loss of $2.0 million, compared with positive adjusted EBITDA of $3.6 million in the prior-year period.
Average tokenized assets on the platform reached $5.0 billion, up 39% year over year, while aggregate transaction volume rose 20% to $4.3 billion. The company also said its board authorized a $50 million share-repurchase program on November 6, funded from available cash and open through December 31, 2027.
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