.@Securitize reported Q3 earnings today with total revenue of $18.6M, up 13% from a year ago and 29% from last quarter
| Hanami
.@Securitize reported Q3 earnings today with total revenue of $18.6M, up 13% from a year ago and 29% from last quarter
Additionally:
- Tokenization fees, the main part of the business, rose 28% to $11.5M
- Asset servicing came in at $7.2M, down 6%
- Average tokenized assets hit a record $5.0B, up 39%
They also agreed to acquire River One, a New York firm that provides warehouse financing, which is short-term funding lenders use to originate loans. The deal is expected to close in the fourth quarter, and terms weren't disclosed.