Making Financial Headlines · Page 10
Securitize adds asset-backed finance to its digital wardrobe
· New York time
Securitize reported growth in tokenization and announced an expansion into asset-backed finance through its acquisition of River One. Its shares gained 10% in postmarket trading following the quarterly results and announcement. Tokenization and asset-backed finance are different activities, even if the company wants to bring them under one roof. The market supplied an immediate reaction, while the business must carry out its broader plans. A new label can be applied quickly, but building an expanded operation takes more than changing the sign on the door.
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