Tokenization · New York · The Block
In March, Securitize and the NYSE revealed a collaboration aimed at supporting the tokenized securities market
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Benchmark analysts, who called Securitize a " picks and shovels " play for tokenization, recently argued that even capturing " one basis point " of the NYSE's roughly $44 trillion market capitalization would more than double the tokenized asset base on Securitize.
Key facts
- Its tokenized assets under management reached $3.4 billion as of March 31, though this is still a fraction of its nearly $25 billion in total assets under administration
- Securitize also reported $1.9 billion in transaction volume during the quarter and said it now services roughly 650 funds through its Securitize Fund Services
- The company reported Q1 revenue of $19.5 million, its best to date, up 39% from a year earlier
- Benchmark analysts, who called Securitize a " picks and shovels " play for tokenization, recently argued that even capturing " one basis point " of the NYSE's roughly $44 trillion market
Summary
Securitize posted record revenue in the first quarter, which saw the tokenization firm land partnerships with the New York Stock Exchange and the decentralized exchange Uniswap. The company reported Q1 revenue of $19.5 million, its best to date, up 39% from a year earlier. Its tokenized assets under management reached $3.4 billion as of March 31, though this is still a fraction of its nearly $25 billion in total assets under administration. Securitize also reported $1.9 billion in transaction volume during the quarter and said it now services roughly 650 funds through its Securitize Fund Services. The quarter included several large institutional pushes tied to tokenized securities infrastructure.