Tokenization · Wall Street · CoinDesk
Securitize falls 20% after earnings miss as tokenization revenue falls short
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Securitize (SECZ) shares plunged 20% in after-hours trading Wednesday after the tokenization firm fell short of Wall Street’s second-quarter expectations in its first earnings report since going public last month.
Key facts
- Average tokenized assets under management reached a record $4.3 billion, up 16% from a year earlier, while transaction volume surged 147% to $5.3 billion
- The company, best known for issuing and managing BlackRock’s BUIDL tokenized money-market fund, reported revenue of $14.4 million, down 5% from a year earlier and missing analyst estimates of $20.6
- Securitize posted a $2.37 per-share loss, compared with an expected loss of $0.15 per share
- Securitize (SECZ) shares plunged 20% in after-hours trading Wednesday after the tokenization firm fell short of Wall Street’s second-quarter expectations in its first earnings report since going
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. The company, best known for issuing and managing BlackRock’s BUIDL tokenized money-market fund, reported revenue of $14.4 million, down 5% from a year earlier and missing analyst estimates of $20.6 million.