Securitize Q3 results and River One acquisition
The tokenization firm agreed to buy River One and reported Q3 results. Shares reportedly rose about 10% after hours, though revenue figures differ between reports.
What we know
The Block reports Securitize posted Q3 revenue of $18.6M, a $66.3M net loss and a buyback of up to $50M, alongside the River One deal. A separate report cites $11.5M revenue and tokenized assets of $4.8B, so the figures are disputed. Shares reportedly rose about 10% after hours.
Sources
@TheBlockCo
“Securitize reported Q3 revenue of $18.6 million, up 13% year over year”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.