Securitize Posts Loss in First Earnings Report After NYSE Debut -- WSJ
Dow Jones2026/08/12 21:10By Vicky Ge Huang
Securitize, the BlackRock-backed tokenization firm, said its second-quarter losses widened from a year ago, hit by a sharp downturn in the broader crypto market. The company on Wednesday reported a net loss of $21.7 million for the three months ended June 30, compared with $6.1 million in the same period last year. Quarterly revenue fell 5% to $14.4 million from $15.3 million in the year-ago period.
The company currently has approximately $5 billion in assets managed on the blockchain. It made its public debut on the New York Stock Exchange last month after merging with a special-purpose acquisition company sponsored by Cantor Fitzgerald. Shares of Securitize plunged 21% in after-hours trading.
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(END) Dow Jones Newswires
August 12, 2026 17:10 ET (21:10 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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