Securitize plans to acquire River One to expand into asset-backed lending by Q4 2026, reporting $18.6 million in Q3 revenue against a $66.3 million net loss driven by noncash accounting charges.
Securitize announced the River One acquisition to add stablecoin-funded asset-backed lending, expected to close in Q4 2026, alongside Q3 results: revenue up 13% year over year to $18.6 million but a $66.3 million net loss, about $60 million of it noncash charges tied to its business combination and public listing. The deal expands the platform ($3.7 billion RWA, second behind Ondo's $4.1 billion), but no deal value was disclosed and the large loss caps the positive read.
Securitize has entered an agreement to acquire New York-based financing firm River One, aiming to integrate stablecoin-funded asset-backed lending into its platform. The deal is expected to close in the fourth quarter of 2026. Alongside the announcement, the company reported Q3 revenue of $18.6 million, a 13% year-over-year increase, though it posted a $66.3 million net loss, largely attributed to $60 million in noncash charges.
An agreement to buy New York financing firm River One to expand into asset-backed lending using stablecoin funding, with closing expected in the fourth quarter of 2026.
Revenue rose 13% from a year earlier to $18.6 million, but the company posted a $66.3 million net loss, of which about $60 million was largely noncash expenses tied to its business combination and public listing.