Securitize Surpasses $5 Billion in Onchain Assets Under Management
Securitize, the tokenization platform, has reached a significant milestone in managing onchain assets. As of the third quarter, the firm manages approximately $5bn in onchain assets, surpassing its previous record of $4bn at the end of the second quarter.
According to Securitize's chairman and CEO Carlos Domingo, the company decoupled from the crypto market direction and is growing despite declining prices. The tokenization platform has seen a 16% year-on-year increase in average tokenized assets under management, reaching a record $4.3bn during the second quarter.
Securitize's growth has been driven by its issuer-sponsored tokenized equities model, which allows for the creation of tokens that represent shares and preserve shareholder rights without introducing counterparty risk. The company has partnered with broker Cantor Fitzgerald to enable public companies to raise capital and issue securities onchain.