Securitize Share Drops 20 Percent as Tokenisation Revenue Falls Short of Expectations
Securitize shares fell 20 percent in after-hours trading after the tokenisation firm reported second-quarter revenue below analysts’ expectations.
Revenue reached $14.4 million (roughly Rs.
137 crore), compared with the $20.6 million (roughly Rs.
196 crore) expected by analysts.
The company also reported a $21.7 million (roughly Rs.
207 crore) net loss.
Meanwhile, tokenised assets managed through its platform and transaction volumes continued to grow during the quarter.
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