Securitize Targets Asset-Backed Finance Market With River One Deal
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Securitize announced the acquisition of River One and a $50 million share buyback as quarterly revenue increased 13%.
Tokenization company Securitize is expanding into the roughly $6 trillion asset-backed finance market through its acquisition of River One.
The company disclosed the transaction alongside quarterly results showing revenue growth of 13% compared with the relevant prior period.
Securitize also authorized a $50 million stock repurchase program. Shares trading under the SECZ ticker gained about 10% in after-hours trading following the announcements.
Source: CoinDesk
