Securitize Corp.

What they do

Securitize operates as a platform for tokenized assets, offering regulated ownership and execution infrastructure, broker-dealer capabilities, and fund services. It supports issuers of tokenized equities, including its own tokenized common stock, and provides custody and settlement services for tokenized securities. The company also services active funds through Securitize Fund Services, with total AUA of $24.3 billion as of June 30, 2026.

Revenue drivers

• Tokenized Asset Management (AUM) — Second quarter revenue primarily derives from fees on tokenized assets; average tokenized AUM was $4.3 billion in 2Q26, up 16% year-over-year, with total AUM of $4.3 billion.
• Securitize Fund Services — Provides administration and transfer agency services for investment funds; serviced 663 active funds and had $24.3 billion in total AUA as of June 30, 2026.
• Transaction Volume — Generates fees from transactions on its platform; aggregate transaction volume was $5.3 billion in 2Q26, up 147% versus the prior-year period.

Recent performance

For the second quarter of 2026, Securitize reported total revenue of $14.4 million, down 5% versus the prior-year period. Net loss was $21.7 million, with a net loss per diluted share of $2.37. Adjusted EBITDA loss was $5.5 million, versus positive Adjusted EBITDA of $1.8 million in the prior-year period. Average tokenized AUM in 2Q26 was $4.3 billion, up 16%, and total AUM was $4.3 billion as of June 30, 2026, up 9%.

Strategy

Management is focused on expanding its tokenization infrastructure, including building liquidity, collateral, and settlement capabilities. The company has partnered with transfer agents Computershare and Continental, and with Jump Trading, Jupiter, and Cantor Fitzgerald to advance tokenized equities and onchain IPOs. With FINRA approval, Securitize Markets can now custody tokenized securities and participate in underwriting. The company also brought its own common stock onchain, becoming the largest tokenized equity in the industry.

Risks

• Business Combination integration — Failure to realize anticipated benefits of the Business Combination could materially affect operations.
• NYSE listing maintenance — The company may fail to maintain the listing of its securities on the New York Stock Exchange.
• Volatile industry — The tokenization industry is highly volatile, and the company faces significant competition and regulatory challenges.
• Tokenized SECZ impact — The enablement of Tokenized SECZ, a natively tokenized version of common stock, could impact the company's common stock.

Outlook

Management believes the company is well positioned to lead institutional tokenization growth, citing approximately $5.0 billion in onchain assets and more than seven assets with $100 million or more in AUM. They expect to continue investing in products and services to enhance the suite of tokenization-related offerings. The company highlights partnerships with transfer agents, NYSE, and other institutions as foundational for future growth.