The tokenization platform Securitize announced a 39% year-over-year increase in Q1 revenue to $19.5 million, marking a record high for a single quarter. Revenue from its asset services business surged 201% year-over-year to $8.3 million. As of March 31, the company managed $3.4 billion in tokenized assets and $24.9 billion in custodial assets. However, Securitize remains in a loss-making position, with net losses widening to $7.9 million compared to the same period last year, primarily due to increased spending on expansion efforts and preparations for going public via a SPAC merger with Cantor Equity Partners II. Securitize has previously established partnerships with institutions like the New York Stock Exchange and Uniswap Labs. (CoinDesk) https://(wublock123.com)/news/securitize-q1-revenue-up-39pct-to-19-5m-spac-listing-costs-profit-61409