Securitize posts $19.5M Q1 revenue

Securitize reported record first-quarter revenue of $19.5 million on May 20, giving one of the clearest recent snapshots of how tokenized-asset infrastructure firms are making money as large asset managers move more products onchain. The company said revenue rose 39% from a year earlier and that tokenized assets under management reached $3.4 billion as of March 31. Those figures came alongside a run of institutional partnerships, including work tied to BlackRock’s BUIDL fund, the New York Stock Exchange and Uniswap Labs. ### Where did the revenue growth come from? Securitize said its first-quarter revenue was driven by asset servicing, tokenized fund infrastructure and transaction activity across its platform. In the same results statement, the company said average tokenized assets under management were $3.2 billion during the quarter, rising to $3.4 billion by March 31, while transaction volume totaled $1.9 billion. (prnewswire.com) The company also said total assets under administration were nearly $25 billion, a larger figure than tokenized assets under management because it includes broader servicing activity. The Block, citing the company filing, reported that the $3.4 billion tokenized AUM remained only a fraction of that administration total. (prnewswire.com) ### Why does the $3.4 billion tokenized AUM figure matter? BlackRock’s BUIDL fund has become one of the most visible products on Securitize’s platform. Securitize said growth in tokenized assets under management was supported by continued institutional adoption of tokenized securities and onchain financial products. (theblock.co) The $3.4 billion figure also puts scale around a market that has often been discussed more in pilot terms than in operating numbers. CoinDesk reported that Securitize deepened its institutional reach in the quarter through partnerships with the NYSE, Uniswap Labs and others while overseeing $3.4 billion in tokenized assets. (prnewswire.com) ### What do BlackRock and Uniswap have to do with this? Uniswap Labs and Securitize said on Feb. 11 that they had integrated BlackRock’s USD Institutional Digital Liquidity Fund, or BUIDL, with UniswapX technology. The companies said the arrangement would allow eligible investors to access near-instant liquidity between BUIDL and USDC. Securitize said in its first-quarter results that the Uniswap tie-up expanded liquidity options for BUIDL during the period. (coindesk.com) That gave the company a way to point to a concrete use case for tokenized fund shares beyond issuance and custody: secondary liquidity through decentralized-finance rails. That characterization is an inference from the company’s stated partnership goals and product design. (blog.uniswap.org) ### What is the NYSE relationship supposed to do? The New York Stock Exchange and Securitize said on March 24 they signed a memorandum of understanding to support tokenized securities markets. ICE, the NYSE’s parent, said Securitize was named the first digital transfer agent eligible to mint blockchain-native securities for corporate or ETF issuers on the planned NYSE-affiliated Digital Trading Platform. (prnewswire.com) That agreement also said Securitize Markets is expected to become one of the broker-dealer participants on the platform. In its first-quarter statement, Securitize cited the NYSE partnership as one of the quarter’s main institutional developments. ### Is Securitize already public? Securitize said on May 20 that it has a proposed business combination with Cantor Equity Partners II, a special purpose acquisition company listed on Nasdaq under the ticker CEPT. (ir.theice.com) The company said the combined entity, Securitize Holdings, is expected to become publicly listed on the NYSE or Nasdaq under the ticker “SECZ” after the deal closes. (prnewswire.com) The company said the proposed transaction is expected to be completed in the first half of 2026. That next filing cycle and any updated investor materials around the merger are likely to provide the next detailed look at revenue, losses and tokenized-asset growth. (tmcnet.com) (prnewswire.com)