Securitize (NYSE: SECZ), a tokenization platform, announced the acquisition of institutional finance company River One to expand its warehouse financing business, secured by loans and other assets. The transaction amount was undisclosed, and the deal is expected to close in the fourth quarter. River One was incubated by Framework Ventures and backed by Maple Finance. KKR data shows that the global private asset-backed finance market was approximately $6.1 trillion in 2024 and is projected to exceed $9 trillion by 2029. Securitize also released its third-quarter financial results, with revenue increasing 13% year-over-year to $18.6 million and a net loss of $66.3 million, of which approximately $60 million was primarily due to non-cash expenses and accounting adjustments related to its IPO and business combination. The platform's average tokenized assets grew 39% year-over-year to $5 billion, and transaction volume increased 20% to $4.3 billion. The company also announced a share buyback program of up to $50 million and held approximately $300 million in cash and had no debt as of the end of September. (CoinDesk) https://(wublock123.com)/news/securitize-acquires-river-one-expands-asset-backed-financing-q3-revenue-up-13-71624