NEW YORK — Securitize Corp. reported a net loss of $21.7 million for the second quarter of 2026. The tokenization platform recorded $14.4 million in total revenue for the period, even as its average tokenized assets under management hit a record $4.3 billion.
Shares of Securitize (NYSE: SECZ) dropped nearly 20 percent in after-hours trading following the announcement. The company's $2.37 per-share loss significantly missed analyst expectations for a $0.15 loss, according to FactSet estimates. Revenue also fell short of the $20.6 million consensus.
The Q2 results follow Securitize's public listing on the New York Stock Exchange on July 2, 2026. The company became the first tokenization firm to go public and tokenized its own common stock onchain on its first day of U.S. trading.
Carlos Domingo, chairman and CEO of Securitize, said the NYSE listing and the tokenization of the company's common stock strengthen its financial position and support investment in its tokenization product suite.
Securitize maintained its position as the largest platform by tokenized assets. Average tokenized AUM for Q2 2026 rose 16 percent compared to the same period in 2025, reaching $4.3 billion. Total AUM stood at $4.3 billion as of June 30, 2026, an increase of 9 percent year-over-year.
The platform currently manages approximately $5.0 billion in assets onchain. More than seven of those assets each hold $100 million or more in AUM, a figure Domingo said is higher than any other platform.
Despite AUM growth, total revenue for the second quarter declined 5 percent compared to Q2 2025. Aggregate transaction volume, however, jumped 147 percent year-over-year to $5.3 billion.
The company's adjusted EBITDA swung to a $5.5 million loss from a $1.8 million profit in the prior-year period, reflecting costs tied to infrastructure and operational expansion.
Securitize also established relationships with transfer agents Computershare and Continental during the quarter. Those partnerships support issuer-sponsored tokenized shares for U.S. public companies and build on Securitize's earlier collaboration with NYSE to deliver a digital trading platform for tokenized equities.
Under that model, tokenized shares remain connected to the issuer's official shareholder register and existing transfer-agent infrastructure, opening the door for public companies, IPO candidates and SPAC issuers exploring tokenization.
Domingo said Securitize is positioned to lead the next stage of institutional tokenization growth. The company continues to expand its broker-dealer capabilities and build liquidity, collateral and settlement infrastructure for tokenized assets across global capital markets. Securitize is also a tokenization partner for BlackRock.
