Securitize agrees to buy River One to expand into asset-backed lending
Summary
Securitize agreed to acquire New York financing firm River One, expanding from issuing and servicing tokenized assets into asset-backed lending. River One is developing technology that would let lenders use pools of small-business loans or receivables as collateral to borrow stablecoin funding and issue new loans. The deal is expected to close in the fourth quarter of 2026. Securitize reported third-quarter revenue of $18.6 million, up 13% year over year, and a $66.3 million net loss, which it said included about $60 million in largely noncash expenses and accounting charges. It has $3.7 billion in RWA value, making it the second-largest platform by that measure.
