Svmuu reports that tokenization platform Securitize released its first-quarter results, achieving a quarterly revenue of $19.5 million, a record high for the company and representing a 39% year-over-year increase.
As of March 31, Securitize's tokenized assets under management reached $3.4 billion, with total assets under administration approaching $25 billion. The company also processed $1.9 billion in transaction volume during the quarter and serviced approximately 650 active funds through Securitize Fund Services.
During the first quarter, Securitize established partnerships with the New York Stock Exchange, Uniswap, and others. It also benefited from recent approvals by FINRA and the SEC, paving the way for advancing tokenized stocks, IPOs, and on-chain securities products in the U.S. market. The company stated that tokenization is evolving from a single product format into an increasingly interconnected financial system.