Securitize buys River One to enter $6 trillion asset-backed finance market

Securitize (SECZ) agreed to acquire River One, a New York-based institutional financing firm, to break into the $6 trillion asset-backed finance market. The deal adds warehouse-financing capabilities — letting firms borrow against pools of loans or other assets before they are sold or refinanced — and is expected to close in the fourth quarter; financial terms were not disclosed. River One was incubated by Framework Ventures and backed by Maple Finance.

Announced alongside Q3 earnings, the acquisition comes as Securitize reported $18.6 million in revenue, up 13% year over year, and a $66.3 million net loss, about $60 million of it largely non-cash charges tied to its public listing. Average tokenized assets on its platform rose 39% to $5 billion, with transaction volume up 20% to $4.3 billion.

• Securitize also unveiled a $50 million share buyback running through December 2027 and ended September with about $300 million in cash and no debt.
• SECZ shares jumped ~10% in after-hours trading but remain roughly 50% below their late-September level.
• The deal follows the company's NYSE debut in July and its stated plan to spend part of a ~$400 million war chest on acquisitions.