Securitize Reports Second Quarter 2026 Results
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"On
Domingo continued: "In the second quarter, Securitize continued to lead the tokenization industry as the largest platform by tokenized assets, showing how years of investment across regulation, technology and institutional infrastructure have come to fruition. We established landmark relationships with Computershare and Continental to advance issuer-sponsored tokenized equities on the back of our earlier partnership announcement with NYSE for 24/7 trading of tokenized stocks, expanded our broker-dealer capabilities, and continued to build the liquidity, collateral and settlement infrastructure required for tokenized assets to function across global capital markets."
Domingo concluded: "With approximately
Second Quarter 2026 Financial Highlights
- Record average tokenized AUM(2) in 2Q26 of
$4.3 billion , up 16%, with total AUM(2) of$4.3 billion as ofJune 30, 2026 , up 9% - Total Revenue of
$14.4 million , down 5% versus the prior-year period - Net loss of
$21.7 million , with a net loss per diluted share of$2.37 - Adjusted EBITDA(3) loss of
$5.5 million , versus positive Adjusted EBITDA of$1.8 million in the prior-year period - Aggregate Transaction Volume(4) of
$5.3 billion during the second quarter of 2026, up 147% - 663 active funds were being serviced by Securitize Fund Services as of
June 30, 2026 - Securitize Fund Services total AUA(5) of
$24.3 billion as ofJune 30, 2026 , down approximately 20%
Percentage comparisons throughout this press release are calculated for the second quarter 2026 versus the second quarter of 2025, unless otherwise specified.
Second Quarter 2026 Business Highlights
Leading transfer agents Computershare and Continental Stock Transfer & Trust selected Securitize for tokenization: Securitize partnered with the world's largest and third-largest transfer agents to support issuer-sponsored tokenized shares for
Announced a tokenized-equities collaboration with Jump Trading and Jupiter: The collaboration combines Securitize's regulated ownership and execution infrastructure with Jump's institutional liquidity capabilities and Jupiter's distribution interface. Together, the companies are developing infrastructure to support regulated public equities trading and accessing liquidity onchain.
Received FINRA approval for expanded broker-dealer capabilities: During the second quarter, Securitize Markets received FINRA approval to custody tokenized securities, enabling atomic settlement between tokenized securities and stablecoins. The approval also allows Securitize Markets to participate in underwriting and selling groups for initial and secondary offerings, expanding Securitize's capabilities across issuance, ownership records, distribution, trading, custody and settlement.
Partnered with Cantor Fitzgerald & Co. to enable onchain IPOs and follow-on offerings for public companies: Entered into shortly after 2Q26, the partnership builds on the recently approved expanded capabilities for Securitize Markets to become part of IPOs and follow-on offerings using blockchain-based infrastructure to tokenize securities. By expanding the application of tokenization beyond secondary market trading, Securitize and Cantor will enable public companies to raise capital and issue securities onchain and gain access to the benefits of blockchain-based infrastructure, including enhanced transparency, improved operational efficiency, modernized ownership records, and a global onchain investor base, while still operating within the established capital markets framework of traditional public offerings.
Securitize was chosen as the tokenization partner of Atlas Capital to launch USAFi under
Securitize Fund Services and Upshift Partner to deliver institutional-grade reporting for onchain vaults: As the onchain economy continues to grow, vaults are becoming one of the main access points for onchain yield; Securitize Fund Services partnered with Upshift (an institutional-grade onchain yield platform) to add independent, audit-ready reporting, investor-level allocation transparency, performance validation, and reconciliation for onchain vaults. This brings traditional fund administration standards to DeFi-style vault infrastructure.
Grew tokenized assets, institutional products and onchain finance integrations: Securitize added approximately
Key leadership and Board roles filled: During the second quarter, Securitize(6) appointed
Second Quarter 2026 Financial Results
Securitize will host a conference call tomorrow,
The live audio webcast and presentation slides will be available on the Company's investor relations website, https://investors.securitize.io/events-and-presentations/. A replay and transcript of the webcast will be available shortly after the event.
SECURITIZE, INC. AND SUBSIDIARIES | |||||||||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS | |||||||||||
(Unaudited) | Three Months Ended | Six Months Ended | |||||||||
2026 | 2025 | YoY | 2026 | 2025 | YoY | ||||||
Revenue | (5) % | 16 % | |||||||||
Tokenization | (12) % | (6) % | |||||||||
Asset Servicing | 3 % | 63 % | |||||||||
Operating costs and expenses: | |||||||||||
Cost of revenue (exclusive of items | 3,981,122 | 3,532,624 | 13 % | 8,451,012 | 5,279,281 | 60 % | |||||
Selling, general & administrative | 8,217,259 | 3,523,906 | 133 % | 15,955,352 | 6,845,087 | 133 % | |||||
Compensation and benefits | 10,547,883 | 8,031,538 | 31 % | 19,648,481 | 20,005,074 | (2) % | |||||
Provision for expected credit losses | 1,315,134 | 111,885 | 1,075 % | 1,600,587 | 186,273 | 759 % | |||||
Loss on digital assets from operations, | 82,705 | 259,910 | (68) % | 369,297 | 1,110,570 | (67) % | |||||
Total operating costs and | 24,144,103 | 15,459,863 | 56 % | 46,024,729 | 33,426,285 | 38 % | |||||
Loss from operations | (9,708,258) | (197,687) | 4,811 % | (12,110,418) | (4,130,090) | 193 % | |||||
Other income (expense): | |||||||||||
Interest expense | (1,105,915) | (1,389,167) | (20) % | (3,374,490) | (2,840,058) | 19 % | |||||
Interest income | 176,391 | 347,802 | (49) % | 413,505 | 515,293 | (20) % | |||||
Dividend income | 87,581 | 43,313 | 102 % | 241,033 | 85,147 | 183 % | |||||
Loss on digital assets held for | (512,615) | — | n/m | (1,433,082) | — | n/m | |||||
Other income (expense), net | 1,145,805 | (148,833) | 870 % | 1,735,797 | 431,677 | 302 % | |||||
Change in fair value of option liability | (29,266,000) | (977,000) | (2,895) % | (29,176,000) | (487,000) | (5,891) % | |||||
Change in fair value of simple | (4,310,000) | (383,000) | (1,025) % | (5,678,000) | (449,000) | (1,165) % | |||||
Change in fair value of derivative | 21,843,000 | (2,754,000) | 893 % | 19,842,000 | (3,044,000) | 752 % | |||||
Total other expense, net | (11,941,753) | (5,260,885) | 127 % | (17,429,237) | (5,787,941) | 201 % | |||||
Net loss from continuing operations | (21,650,011) | (5,458,572) | 297 % | (29,539,655) | (9,918,031) | 198 % | |||||
Provision for income taxes | (39,191) | (80,216) | (51) % | (82,199) | (162,275) | (49) % | |||||
Net loss from continuing operations | 292 % | 194 % | |||||||||
Net loss from discontinued operations | — | (607,515) | (100) % | — | (1,190,854) | (100) % | |||||
Net loss | 253 % | 163 % | |||||||||
Deemed dividend to preferred | — | — | — | (1,493,539) | (100) % | ||||||
Net loss attributable to common | 253 % | 132 % | |||||||||
Net loss per share of common stock and | 231 % | 122 % | |||||||||
Net loss from continuing operations per | 267 % | 145 % | |||||||||
Net loss from discontinued operations | $— | (100) % | $— | (100) % | |||||||
Weighted average common stock and | 9,139,723 | 8,570,963 | 7 % | 8,993,202 | 8,616,139 | 4 % | |||||
Other comprehensive income: | |||||||||||
Foreign currency translation | 72,399 | 260,059 | (72) % | 122,285 | 333,287 | (63) % | |||||
Total other comprehensive income | 72,399 | 260,059 | (72) % | 122,285 | 333,287 | (63) % | |||||
Comprehensive loss | 267 % | 170 % | |||||||||
SECURITIZE, INC. AND SUBSIDIARIES | |||
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS | |||
(Unaudited) | |||
ASSETS | |||
Current assets: | |||
Cash and cash equivalents | $ 33,599,243 | $ 24,871,555 | |
Digital assets from operations | 99,915 | 2,023,098 | |
Digital assets held for investment | 887,928 | — | |
Digital assets receivable | 1,831,093 | 2,500,102 | |
Customer escrow funds | 18,106,706 | 44,293,388 | |
Restricted tokenized assets | — | 1,722,665 | |
Investments in available-for-sale marketable securities | 444,058 | 928,037 | |
Investments in tokenized assets | 7,651,765 | 12,034,881 | |
Accounts receivable, net | 9,120,623 | 5,321,337 | |
Accounts receivable, related parties | 460,213 | 594,435 | |
Contract assets | 15,122,608 | 12,289,139 | |
Digital assets loan receivable | — | 99,647 | |
Digital assets loan receivable, related parties | — | 290,356 | |
Deferred offering costs | 7,112,971 | 3,041,602 | |
Prepaid expenses and other current assets | 3,043,115 | 2,396,986 | |
Total current assets | 97,480,238 | 112,407,228 | |
Digital assets receivable, noncurrent | 1,690,610 | 1,556,218 | |
Contract assets, noncurrent | 1,081,243 | 2,982,075 | |
Notes receivable, related parties | 8,766,201 | 5,183,987 | |
Intangible assets, net | 20,130,639 | 20,683,828 | |
Goodwill | 26,365,270 | 26,365,270 | |
Other noncurrent assets | 601,415 | 596,519 | |
Total assets | $ 156,115,616 | $ 169,775,125 | |
LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS' | |||
Current liabilities: | |||
Accounts payable | $ 693,723 | $ 2,779,997 | |
Digital asset borrowings | — | 101,109 | |
Obligation to return collateral | — | 1,722,665 | |
Accrued expenses and other current liabilities | 13,749,798 | 4,273,592 | |
Interest payable | 6,114,314 | 5,096,492 | |
Customer escrow funds payable | 18,103,958 | 44,187,723 | |
Deferred revenue | 1,148,727 | 5,154,656 | |
Option prepayment liability | 20,000,000 | — | |
Total current liabilities | 59,810,520 | 63,316,234 | |
Deferred revenue, noncurrent | 993,665 | 1,348,701 | |
Simple agreements for future equity | 16,127,000 | 10,449,000 | |
Convertible promissory notes payable, net | 74,948,845 | 72,562,079 | |
Derivative liability | 6,328,000 | 26,170,000 | |
Option liability | 40,566,000 | 11,390,000 | |
Deferred tax liability | 342,015 | 263,634 | |
Total liabilities | 199,116,045 | 185,499,648 | |
Commitments and contingencies (See Note 17) | |||
Mezzanine equity: | |||
J Digital 6 warrants | 1,169,721 | 731,076 | |
Series B-4 redeemable convertible preferred stock, 2,089,457 shares | 42,348,900 | 42,348,900 | |
Series B-3 redeemable convertible preferred stock, 1,219,998 shares | 21,969,898 | 21,969,898 | |
Series B-2 redeemable convertible preferred stock, 2,630,197 shares | 24,387,798 | 24,387,798 | |
Series B-1 redeemable convertible preferred stock, 2,881,387 shares | 21,407,747 | 21,407,747 | |
Series A redeemable convertible preferred stock, 2,999,412 shares | 14,700,686 | 14,700,686 | |
Total mezzanine equity | 125,984,750 | 125,546,105 | |
Stockholders' deficit: | |||
Common stock, | 870 | 870 | |
Class A common stock, | 81 | 29 | |
Treasury stock, 150,000 shares at cost | (1,599,978) | (1,599,978) | |
Additional paid-in capital | 26,521,873 | 24,736,907 | |
Accumulated deficit | (195,124,692) | (165,502,838) | |
Accumulated other comprehensive income | 1,216,667 | 1,094,382 | |
Total stockholders' deficit | (168,985,179) | (141,270,628) | |
Total liabilities, mezzanine equity and stockholders' deficit | $ 156,115,616 | $ 169,775,125 | |
SECURITIZE, INC. AND SUBSIDIARIES | ||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||
(Unaudited) | Six Months Ended | |||
2026 | 2025 | |||
Cash flows from operating activities: | ||||
Net loss | $ (29,621,854) | $ (11,271,160) | ||
Net loss from discontinued operations | — | 1,190,854 | ||
Net loss from continuing operations | (29,621,854) | (10,080,306) | ||
Adjustments to reconcile net loss to net cash used in operating | ||||
Depreciation and amortization | 1,105,431 | 914,333 | ||
Provision for expected credit losses | 1,600,587 | 186,273 | ||
Share-based compensation expense | 1,373,774 | 8,677,983 | ||
Accretion of debt discount | 2,386,766 | 1,508,376 | ||
Net losses (gains) from investments | (1,950,878) | (710,231) | ||
Loss on digital assets held for investment, net | 1,433,082 | — | ||
Loss on digital assets from operations, net | 369,297 | 1,110,570 | ||
Deferred tax provision | 78,381 | 30,510 | ||
Change in fair value of simple agreement for future equity | 5,678,000 | 449,000 | ||
Change in fair value of derivative liability | (19,842,000) | 3,044,000 | ||
Change in fair value of option liability | 29,176,000 | 487,000 | ||
Changes in operating assets and liabilities, net of effects of business | ||||
Digital assets from operations | (98,115) | (985,328) | ||
Digital assets receivable | (134,392) | (6,425,985) | ||
Customer escrow funds | 26,186,682 | 2,397,566 | ||
Accounts receivable | (5,399,873) | (4,576,873) | ||
Accounts receivable, related parties | 134,222 | 248,973 | ||
Contract assets | (932,637) | (4,892,310) | ||
Prepaid expenses and other current assets | (646,129) | (1,275,362) | ||
Accounts payable | (2,111,162) | (365,550) | ||
Accrued expenses and other current liabilities | 6,910,195 | 936,405 | ||
Interest payable | 1,017,822 | 1,499,021 | ||
Customer escrow funds payable | (26,083,765) | (2,391,578) | ||
Deferred revenue | (4,360,965) | (398,193) | ||
Cash used in operating activities from continuing operations | (13,731,531) | (10,611,706) | ||
Cash used in operating activities from discontinued operations | — | (356,854) | ||
Net cash flows used in operating activities | (13,731,531) | (10,968,560) | ||
Cash flows from investing activities: | ||||
Purchases of investments in available-for-sale marketable securities | (642,203) | (474,152) | ||
Proceeds from sales and redemptions of investments and available-for-sale | 1,151,827 | 870,493 | ||
Acquisition of a business, net of cash acquired | — | (21,090,525) | ||
Proceeds from partial repayments of notes receivable, related parties | 745,910 | 195,635 | ||
Originations of and disbursements for notes receivable, related parties | (2,795,910) | (772,500) | ||
Purchases of tokenized assets for investment | — | (644,767) | ||
Proceeds from redemptions of tokenized assets for investment | 5,065,029 | — | ||
Purchases of equipment and other long-lived assets | (557,138) | (3,702) | ||
Proceeds from participation and closing positions in DeFi activities | — | 21,984,830 | ||
Investment activities in DeFi involving use of cash equivalents | — | (1,772,127) | ||
Net cash flows provided by (used in) investing activities | 2,967,515 | (1,706,815) | ||
Cash flows from financing activities: | ||||
Proceeds from issuance of note payable, related party | — | 945,343 | ||
Proceeds from option prepayment liability | 20,000,000 | — | ||
Payment of deferred offering costs | (1,480,470) | — | ||
Proceeds from options exercised | 849,889 | 46,905 | ||
Net cash flows provided by financing activities | 19,369,419 | 992,248 | ||
Effect of exchange rate changes on cash | 122,285 | 333,287 | ||
Net increase (decrease) in cash and cash equivalents | 8,727,688 | (11,349,840) | ||
Cash and cash equivalents from continuing operations, beginning of period | 24,871,555 | 21,788,225 | ||
Cash and cash equivalents from discontinued operations, beginning of period | — | 175,233 | ||
Less: Cash and cash equivalents from discontinued operations, end of period | — | (98,016) | ||
Cash and cash equivalents from continuing operations, end of period | $ 33,599,243 | $ 10,515,602 | ||
Supplemental disclosure of cash flow information and non-cash | ||||
Income taxes paid | $ 193,567 | $ 19,479 | ||
Digital assets loan receivables originated | — | 24,225,263 | ||
Digital assets loan receivables repaid | 390,003 | 10,081,943 | ||
Digital assets received as collateral | — | 28,497,830 | ||
Digital assets received as collateral returned | 1,351,493 | 10,081,940 | ||
Digital assets borrowed | — | 24,868,207 | ||
Digital assets borrowed repaid | 101,109 | 31,000,000 | ||
Digital assets pledged as collateral | — | 29,247,464 | ||
Digital assets pledged as collateral returned | 1,711,530 | 31,106,687 | ||
Digital assets exchanged with collateral | 371,172 | — | ||
Non-cash additions or transfers of digital asset investments | 2,321,010 | — | ||
Non-cash investment asset participation in DeFi activities | 277,759 | 1,168,648 | ||
Deferred offering costs in accounts payable and accrued expenses | 5,489,048 | — | ||
Series B-4 preferred stock issued in exchange of common stock | — | 6,325,845 | ||
Reissuance of Series A, B-1, and B-2 preferred stock at fair value in | — | 1,493,539 | ||
Retirement of common stock reacquired in exchange of preferred stock | — | 6,325,845 | ||
Deemed dividend on reissuance of preferred stock at fair value in secondary | — | 1,493,539 | ||
The following tables reconcile Adjusted EBITDA to Net loss from continuing operations, its most closely comparable GAAP financial measure, for the three and six months ended
Reconciliation of GAAP to Non-GAAP Results | |||
Three Months Ended | |||
(Unaudited) | 2026 | 2025 | |
Net loss from continuing operations | $ (21,689,202) | $ (5,538,788) | |
Add back: | |||
Depreciation and amortization | 517,497 | 600,919 | |
Provision for expected credit losses | 1,315,134 | 111,885 | |
Share-based compensation expense | 537,186 | 1,246,979 | |
Provision for income taxes | 39,191 | 80,216 | |
Interest income | (176,391) | (347,802) | |
Interest expense | 1,105,915 | 1,389,167 | |
Dividend income | (87,581) | (43,313) | |
Loss on digital assets held for investment, net | 512,615 | — | |
Other income (expense), net | (1,145,805) | 148,833 | |
Change in fair value of simple agreements for future equity, | 11,733,000 | 4,114,000 | |
Acquisition related transaction costs | — | 43,931 | |
Professional fees and other one‑time public company | 1,879,717 | — | |
Adjusted EBITDA | $ (5,458,724) | $ 1,806,027 | |
Six Months Ended | |||
(Unaudited) | 2026 | 2025 | |
Net loss from continuing operations | $ (29,621,854) | $ (10,080,306) | |
Add back: | |||
Depreciation and amortization | 1,105,431 | 914,333 | |
Provision for expected credit losses | 1,600,587 | 186,273 | |
Share-based compensation expense | 1,373,774 | 8,677,983 | |
Provision for income taxes | 82,199 | 162,275 | |
Interest income | (413,505) | (515,293) | |
Interest expense | 3,374,490 | 2,840,058 | |
Dividend income | (241,033) | (85,147) | |
Loss on digital assets held for investments, net | 1,433,082 | — | |
Other income (expense), net | (1,735,797) | (431,677) | |
Change in fair value of simple agreements for future equity, | 15,012,000 | 3,980,000 | |
Acquisition related transaction costs | — | 290,000 | |
Professional fees and other one‑time public company readiness | 3,403,127 | — | |
Adjusted EBITDA | $ (4,627,499) | $ 5,938,499 | |
(1) The financial results herein are for Securitize I, Inc. (f/k/a Securitize, Inc.) and were achieved prior to the completion of the companies' business combination with Cantor Equity Partners II, Inc., which occurred on |
(2) AUM refers to Tokenized Assets Under Management. |
(3) Adjusted EBITDA is a non-GAAP financial metric. Securitize generally reports its financial results in accordance with |
(4) Aggregate Transaction Volume represents aggregate volume of investments, redemptions, dividends, and cross chain movements of assets issued by Securitize's platform. |
(5) AUA refers to Assets Under Administration. |
(6) Board appointments of Redfearn and Sabharwal were made by Securitize, Inc. Following the business combination referred to above in note (1), both Redfearn and Sabharwal were subsequently appointed to the Board of Directors of Securitize Corp. |
About Securitize
Securitize, the world's leader in tokenizing real-world assets with approximately $5B of AUM (as of July 2026), is bringing the world onchain through tokenized funds in partnership with top-tier asset managers, such as Apollo, BlackRock, BNY, Hamilton Lane, KKR, VanEck and others.
In the U.S., Securitize operates through its affiliates, including Securitize Markets, LLC, an SEC-registered broker-dealer and member FINRA/SIPC that operates an SEC-regulated Alternative Trading System (ATS); Securitize Transfer Agent, LLC, an SEC-registered transfer agent; Securitize Capital LLC, an SEC-registered investment adviser; and Securitize Fund Services, LLC, which provides fund administration and digital asset reporting services. In Europe, Securitize operates through its affiliate Securitize Europe Brokerage and Markets, S.A., which is fully authorized as an Investment Firm and operates a Trading & Settlement System (TSS) under the EU DLT Pilot Regime, making Securitize the only company licensed to operate regulated digital-securities infrastructure across both the U.S. and EU. Securitize has also been recognized as a 2026 Forbes Top 50 Fintech company.
For more information, please visit:
Website | X/Twitter | LinkedIn
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including statements regarding Securitize Corp.'s ("Securitize") future results of operations and financial position, business strategy, and plans and objectives of management for future operations, are forward-looking statements.
Forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "potential," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. These statements are based on management's current expectations and assumptions and are subject to risks and uncertainties.
Many factors could cause actual results to differ materially from those described in these forward-looking statements, including, but not limited to: regulatory developments relating to digital assets and tokenization; market volatility; competition; and those risks factors described in the filings of Securitize Corp.
Forward-looking statements speak only as of the date they are made. Securitize Corp. does not undertake any obligation to update or revise any forward-looking statements, except as required by law.
Securitize Contacts:
Press:
Tom Murphy
[email protected]
Investor Relations:
Sam Ross
investor.relations@securitize.io
Source: Securitize (NYSE: SECZ)
XNYS:SECZ
View original content to download multimedia:https://www.prnewswire.com/news-releases/securitize-reports-second-quarter-2026-results-302850119.html
SOURCE Securitize
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