Securitize reported record first-quarter revenue of $19.5 million, with tokenized assets under management reaching $3.4 billion.

CoinFeed reported on May 21 that Securitize, a tokenization company, reported record-high revenue of $19.5 million in the first quarter, a 39% year-over-year increase. As of March 31, its tokenized assets under management reached $3.4 billion, with quarterly trading volume of $1.9 billion. It currently serves approximately 650 funds. The company partnered with the New York Stock Exchange and the decentralized exchange Uniswap in the first quarter, and the BlackRock BUIDL tokenized money market fund has been launched on UniswapX Infrastructure Benchmark. Analysts at Benchmark have called Securitize a "pickaxe and shovel" player in the tokenization space, believing that capturing just "one basis point" of the NYSE's approximately $44 trillion market capitalization could double Securitize's tokenized asset base.