Securitize falls 20% after earnings miss as tokenization revenue falls short
Tokenized assets hit a record and trading activity jumped, but revenue slipped in the firm’s first earnings report since going public.
Make preferred on
Share this article
Summary
- Securitize shares fell 20% after hours on Wednesday after the tokenization firm reported a $2.37 per-share loss versus the $0.15 loss analysts expected.
- Revenue fell 5% to $14.4 million, missing the $20.6 million consensus estimate, even as average tokenized assets under management reached a record $4.3 billion.
- Transaction volume jumped 147% to $5.3 billion, showing growing activity as Wall Street pushes to bring funds, stocks and other assets onto blockchain rails.
