Securitize, the digital‑asset tokenisation platform, reported a surge in tokenisation activity during the third quarter and used the momentum to broaden its product offering.
The company announced that it would expand into asset‑backed finance by acquiring River One, a move that will allow Securitize to offer tokenised securities backed by real‑world assets such as real estate and private equity.
Following the release of its Q3 results, Securitize’s shares jumped about 10% in after‑hours trading, reflecting investor optimism about the company’s growth prospects and the new asset‑backed finance platform.
River One’s technology will be integrated into Securitize’s existing tokenisation framework, giving clients a wider range of tokenised investment products and potentially opening up new revenue streams for the firm.
With the acquisition, Securitize aims to position itself at the intersection of blockchain technology and traditional finance, offering a more comprehensive suite of services for issuers and investors alike.
<small>Source: CNBC — read the original story there.</small>