Securitize First financial report falls short of expectations, stock price drops 20% after the market close
2026-08-13 06:31:56
According to CoinMeta, as reported by Coindesk, the stock price of the tokenization platform Securitize fell by 20% after the market closed on Wednesday, resulting in a loss of $2.37 per share, which is higher than the analysts' expected loss of $0.15. Securitize reported revenue of $14.4 million in the second quarter, lower than the consensus estimate of $20.6 million. The company has an average tokenized asset management scale of $4.3 billion and a trading volume of $5.3 billion. Securitize went public through SPAC in July, providing tokenization infrastructure for institutions such as BlackRock.
Source:Internet
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