Securitize posts $21.7M Q2 loss as SECZ falls 21%

Securitize Corp. reported a $21.7 million net loss for the second quarter on Aug. 12, more than tripling from $6.1 million a year earlier, even as assets and transaction activity across its tokenization platform expanded. Summary Securitize posted a $21.7 million Q2 net loss as revenue declined 5% year over year. Tokenized AUM averaged a record $4.3 billion, up 16% from the same quarter last year. Aggregate transaction volume reached $5.3 billion in Q2, up 147% from the prior year period. SECZ shares fell 21% after hours following Securitize’s first earnings report as a public company. Securitize entered the third quarter with $350 million in cash and no balance sheet debt. Revenue declined 5% to $14.4 million from $15.3 million, according to the company’s release. The results are Securitize’s first since its July 2 New York Stock Exchange debut, but the reported quarter ended June 30 and therefore predates the public listing. The business combination with Cantor Equity Partners II closed July 1. Securitize then put its own NYSE listed common stock onchain on Solana and Avalanche on its first trading day. Securitize loss widens despite record tokenized AUM Average tokenized assets ...