Tokenized transactions surge to $5.3 billion but generate just $14M as costs soar by 56%
Securitize, a platform that issues and services tokenized securities, expanded the activity flowing through its system in the second quarter, but Securitize's revenue did not reflect that scale. Average tokenized assets...
Bitcoin 1 Minute
A notable development has hit the crypto markets. Securitize, a platform that issues and services tokenized securities, expanded the activity flowing through its system in the second quarter, but Securitize's revenue did not reflect that scale. Average tokenized assets under management reached $4. 3 billion, up 16% from a year earlier, while aggregate transaction volume climbed 147% to $5.
3 billion, according to the company's second-quarter results. Securitize's revenue nevertheless fell 5% to $14. 4 million, and the company reported a $21.
Market Dynamics
Related Reading Crypto wanted to replace Wall Street – Instead, Wall Street took over crypto Crypto set out to remove financial intermediaries, but the industry's most successful products now depend on them. Jul 4, 2026 Andjela Radmilac Securitize's revenue lagged platform growth Securitize defines transaction volume as investments, redemptions, dividends and cross-chain asset movements. The increase was driven mainly by subscription and redemption activity in BlackRock's BUIDL and BUIDL-I funds, along with a $250 million subscription to the Securitize Tokenized AAA CLO Fund, according to the company's management discussion.
The measure captures platform activity, a broader category than recognized revenue. Related Reading BlackRock’s $2. 2 billion BUIDL fund is coming to DeFi, but the trade access comes with a catch BUIDL holders can swap into USDC through UniswapX RFQs, but only via whitelisted market makers and gated participation.
Feb 12, 2026 Gino Matos Tokenization revenue fell 12% to $7. 8 million, which management attributed primarily to fewer completed on-chain integrations. Asset-servicing revenue rose 3% to $6.
Market Impact
6 million, but the roughly $200,000 increase was not enough to offset the decline in tokenization revenue. A sequential comparison also shows that higher platform activity did not ensure higher quarterly sales. In the first quarter, Securitize generated $19.
5 million of revenue and positive adjusted EBITDA of $800,000 on lower average AUM of $3. 2 billion and lower transaction volume of $1. Operating costs and expenses then jumped 56% year over year to $24.
Selling, general and administrative expenses rose by $4. 7 million, reflecting higher professional, consulting, accounting and public-company readiness costs. Compensation and benefits increased by $2.
This shift continues to shape the digital-asset landscape, with analysts examining its near-term effects.
