Securitize processed $5.3 billion in tokenized transactions in the second quarter, a 147% increase, but its revenue declined 5% to $14.4 million. The company posted a net loss of $21.7 million and a negative adjusted EBITDA of $5.5 million as operating costs surged 56% to $24.1 million. The 12% drop in tokenization revenue to $7.8 million was primarily driven by fewer completed on-chain integrations. Following the completion of its combination with Cantor Equity Partners II, the pro forma balance sheet shows $352.6 million in cash and no borrowings, but $118.5 million in total liabilities remain.
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