Securitize posts $18.6M quarterly revenue, its second-highest on record

Securitize’s total revenue for the third quarter was $18.6 million, up 13% year-over-year. The third quarter was the second largest quarterly revenue in the tokenization firm’s history. Revenue was up 29% from the second quarter as well. Securitize’s results, announced Nov. 9, were for the quarter ended Sept. 30, its first reporting period as a public company. Average tokenized assets hit a record $5 billion The platform’s average tokenized assets attained a company record of $5 billion, up 39%. Tokenized assets in total rose 9% to $4.8 billion as of September 30. Total transaction volume climbed 20% to $4.3 billion. Securitize Fund Services administered 669 active funds, with $25.2 billion in assets, a 29% decline. Tokenization revenue of $11.5 million is up 28% year over year.

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