Securitize Moves Into Asset-Backed Lending With River One Deal and Share Buyback

Tokenization company Securitize has agreed to buy River One, a New York institutional financing firm, as a way into the asset-backed finance market. The deal adds warehouse financing, which lets businesses borrow against pools of loans or other assets until those assets are sold or refinanced. KKR estimated the private market at $6.1 trillion in 2024 and expects it to pass $9 trillion by 2029. Framework Ventures incubated River One, and Maple Finance also backed it. Terms were not shared, and closing is expected in the fourth quarter. CEO Carlos Domingo called credit one of the most exciting new asset classes for blockchain markets.

How the Deal Fits Securitize’s Strategy

Securitize went public on the New York Stock Exchange in July and said then that it would spend its roughly $400 million war chest on companies that deepen its institutional tokenization platform rather than on rivals. The company, founded in 2017 and based in Miami, handles issuance, transfer agency and fund administration for clients including BlackRock, Apollo, KKR, Hamilton Lane and VanEck.

Securitize Q3 Earnings, Revenue and Stock Buyback

Quarterly revenue reached $18.6 million, up 13%, while the net loss was $66.3 million, about $60 million of which came from mostly non-cash charges tied to the listing and business combination. Average tokenized assets rose 39% to $5 billion, and transaction volume gained 20% to $4.3 billion. The board also approved a $50 million buyback running through December 2027, and the firm ended September with about $300 million in cash and no debt.

SECZ Share Price Reaction

SECZ stock climbed about 10% in after-hours trading Monday, though it remains roughly 50% below where it stood in late September.