Securitize disclosed that its average tokenized assets under management reached a record $4.3 billion in the second quarter of 2026. However, increased asset volumes and trading activity did not translate into corresponding revenue growth; the company’s revenue declined 5% year-over-year, and its net loss widened significantly.
Assets and trading volume continued to grow in the second quarter.
As of the end of June, Securitize's average tokenized asset under management was $4.3 billion, a 16% year-over-year increase; total assets under management at period-end were also $4.3 billion, up 9% year-over-year.
Platform trading activity is growing faster. The company disclosed that total trading volume for the second quarter reached $5.3 billion, a 147% year-over-year increase. Carlos Domingo, CEO of Securitize, stated that on-chain assets under management are now nearing $5 billion, with more than seven assets having over $100 million in assets under management.
Revenue declined, losses widened
Despite continued platform growth, Securitize's total revenue for the second quarter was $14.4 million, a 5% decline compared to the same period last year. The net loss during the same period was $21.7 million, compared to a loss of $6.1 million in the same period last year.
Adjusted EBITDA also turned negative. The company reported an adjusted EBITDA loss of $5.5 million for the quarter, compared to a profit of $1.8 million in the same period last year. Chief Financial Officer Francisco Flores stated that quarterly revenue may still fluctuate given the company’s current stage of development.
- Q2 revenue: $14.4 million
- Second-quarter net loss: $21.7 million
- Adjusted EBITDA: Loss of $5.5 million
Advance tokenized securities business
Securitize also disclosed that its subsidiary, Securitize Markets, has received approval from the Financial Industry Regulatory Authority (FINRA) to custody tokenized securities, further enabling atomic settlement between tokenized securities and stablecoins.
The company also stated that, shortly after the quarter ended, it began trading on the New York Stock Exchange on July 2, becoming the first tokenized company to go public.
Cash on hand is approximately $350 million.
Despite widening losses, Securitize strengthened its balance sheet entering the third quarter. The company disclosed that, following the completion of the business combination, it had approximately $350 million in cash on hand and no debt.
Additional context: The market’s next focus is on whether the company can convert its $4.3 billion tokenized assets under management and $5.3 billion in quarterly trading volume into more stable revenue.