Securitize rose about 10% after regular trading hours on Tuesday after reporting third-quarter growth and an expansion into asset-backed finance. Tokenized assets on its platform reached $4.8 billion, up 9% from a year earlier, while aggregate transaction volume climbed 20% to $4.3 billion. Revenue increased 28% to $11.5 million, but operating costs rose 183% and adjusted EBITDA was a $2 million loss, compared with positive adjusted EBITDA of $3.6 million a year earlier. The company also authorized a $50 million share buyback and acquired River One, an institutional platform connecting stablecoin capital with traditional credit markets to modernize a market valued at $9 trillion.
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