Securitize SECZ

Securitize is a regulated transfer agent and digital asset platform that issues, manages, and records securities natively on blockchain. The company provides a unified infrastructure for the issuance, trading, and servicing of tokenized financial assets, replacing legacy siloed ledger systems with a single interoperable network. Securitize operates at the intersection of traditional finance and blockchain technology, enabling real-time ownership records, automated compliance via smart contracts, and 24/7 global market access for tokenized securities such as funds, stocks, bonds, and securitized assets.

Securitize generates revenue through two primary verticals: Tokenization and Asset Servicing. The Tokenization vertical includes one-time integration fees for onboarding new issuers or funds, recurring maintenance fees for infrastructure support, and transaction-based revenue from issuance, trading, and distribution of digital assets, calculated as assets under management multiplied by average revenue per user. The Asset Servicing vertical derives recurring revenue from transfer agent services such as record-keeping, distributions, dividend issuance, and compliance solutions, as well as fund administration services including NAV calculations, reporting compliance, and on-chain process integration, each funded by annual fees based on assets under management.

The company operates through the following segments: Tokenization and Asset Servicing.

• Tokenization: This segment encompasses on-chain infrastructure and tokenization & distribution activities. Securitize integrates with 21 leading public blockchains including Ethereum, Avalanche, Polygon, Optimism, Arbitrum, XDC, Base, InkChain, ZkSync, Mantle, Hedera, BNB, Linea, Sei, Tron, Aptos, Solana, XRP Ledger, Cronos, Injective, and SUI to enable seamless token issuance, transfer, and settlement. The company earns one-time integration fees when onboarding issuers or funds, plus recurring maintenance fees for continued infrastructure support. Under tokenization & distribution, revenue is generated through transaction-based models tied to managed assets under management and average revenue per user, facilitating the issuance, trading, and distribution of digital assets such as BlackRock’s BUIDL tokenized treasury fund and Exodus’s Class A and Class B common stock.
• Asset Servicing: This segment provides SEC-registered transfer agent services including real-time approval, record-keeping, distributions, dividend issuance, and compliance solutions for tokenized securities. It also offers full administrative support to funds, including NAV calculations, reporting compliance, and integration with on-chain processes, all within a single platform. Each fund is charged an annual fee, creating a recurring, assets under management-based revenue stream. The segment leverages Securitize’s regulated infrastructure to deliver post-issuance services that ensure legal accuracy, regulatory adherence, and operational efficiency for institutional and retail investors alike.

Securitize holds a leading position in the tokenization of real-world assets, with a 19% overall market share as reported by RWA. XYZ as of December 2025, placing it ahead of competitors such as Centrifuge, INX, and Superstate. The company maintains dominant shares in key categories, including 20.5% in tokenized treasuries, 19.5% in tokenized stocks, and 14% in institutional funds, driven by its fully regulated, vertically integrated model that combines transfer agent, broker-dealer, alternative trading system, and fund administration capabilities under U. S. and EU securities laws. Its early adoption of compliance-first principles and partnerships with blue-chip institutions like Apollo, BlackRock, BNY Mellon, Hamilton Lane, KKR, and VanEck reinforce its credibility and competitive advantage in bridging traditional finance and digital asset ecosystems.

Securitize serves a diverse customer base comprising institutional asset managers, publicly listed companies, investment funds, and accredited and retail investors. Specific customers include Apollo, BlackRock, BNY Mellon, Hamilton Lane, KKR, VanEck, Exodus, Blockchain Capital, and Franklin Templeton, with the platform supporting over 15,000+ investors across its tokenized products and more than 500,000+ registered accounts as of late 2025.