Securitize to Acquire River One, Expanding Into $6 Trillion Asset-Backed Finance Market Editorial Staff Mon, November 9, 2026 at 6:31 PM EST 3 min read SECZ +10.20% SYRUP-USD -0.36% BLK +3.10% AAPL +2.55% MSFT +2.73% Trade SYRUP on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Tokenization platform Securitize (NYSE: $SECZ) agreed Monday to acquire River One, an institutional asset-backed financing platform built around the stablecoin economy, as it expands into a private asset-backed finance market estimated at more than $6 trillion.
The acquisition, announced alongside Securitize's third-quarter financial results, would expand its tokenization infrastructure into warehouse financing, allowing institutions to borrow against pools of loans and other assets before selling, refinancing or otherwise distributing them. The deal also represents the first major deployment of the roughly $400 million CEO Carlos Domingo told said in July the company planned to allocate toward acquisitions following its public listing.
According to Securitize's earnings announcement, River One was incubated by Framework Ventures and backed by Framework and Maple Finance. The transaction is expected to close in the fourth quarter, subject to customary closing conditions. Financial terms were not disclosed.
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Domingo described credit as "one of the most exciting emerging asset classes" for blockchain-based financial markets. The private asset-backed finance market was valued at approximately $6.1 trillion in 2024 and is projected to exceed $9 trillion by 2029, according to a KKR report cited by CoinDesk.
Securitize also reported third-quarter revenue of $18.6 million, up 13% from $16.5 million a year earlier and 29% from the second quarter. Tokenization revenue climbed 28% to $11.5 million, while asset servicing revenue declined 6% to $7.2 million. Average tokenized assets on the platform reached a record $5.0 billion, an increase of 39%, with $4.8 billion in assets on the platform as of Sept. 30. Transaction volume increased 20% to $4.3 billion. Meanwhile, assets under administration in its fund services business fell 29% to $25.2 billion.
The company reported a net loss of $66.3 million, or $0.41 per diluted share, compared with net income of $4.1 million in the same quarter last year. Approximately $60 million, or roughly 90% of the reported loss, stemmed from largely non-cash expenses and accounting charges associated with its business combination and public listing. These included a $23.2 million change in the fair value of earnout liabilities and a $20.6 million loss related to the settlement of convertible instruments.
Adjusted EBITDA came in at a loss of $2.0 million, compared with a $3.6 million profit a year earlier. Chief Financial Officer Francisco Flores described the quarter as the company's first reporting period as a publicly traded company.
Securitize ended the quarter with approximately $300 million in cash and no debt. Its board also authorized a $50 million share repurchase program on Nov. 6, which will remain in effect through Dec. 31, 2027. The program will be funded with available cash, although the company is not obligated to repurchase any shares.
The company began trading on the New York Stock Exchange on July 2 following its business combination with Cantor Equity Partners II.
During the quarter, Securitize expanded its tokenized investment offerings with products from BlackRock (NYSE: $BLK), ARK Invest and Neuberger. It also launched Securitize Stocks on Oct. 8, providing tokenized exposure to U.S. equities, including Apple (NASDAQ: $AAPL), Microsoft (NASDAQ: $MSFT), Nvidia (NASDAQ: $NVDA), Tesla (NASDAQ: $TSLA) and Amazon (NASDAQ: $AMZN), on the Solana (CRYPTO: $SOL) blockchain.
SECZ shares climbed approximately 10% in after-hours trading Monday following the acquisition announcement and earnings release, although the stock remained roughly 50% below its late-September levels.
