ChainThink reports that on August 13, tokenization infrastructure company Securitize released its second-quarter financial results, reporting revenue of $14.4 million, a 5% year-over-year decline, and a net loss of $21.7 million.
The financial report showed that Securitize had an adjusted EBITDA loss of $5.5 million in the second quarter; the average quarterly tokenized assets under management were $4.3 billion, up 16% year-over-year.
During the same period, Securitize's quarterly trading volume reached $5.3 billion, a 147% year-over-year increase.
