Securitize to Acquire River One, Entering $6 Trillion Asset-Backed Lending Market

Expanding from Tokenization to Lending Using Stablecoins

Securitize, a tokenization platform, has reached a final agreement to acquire River One, a lending platform for institutional investors. The acquisition aims to connect fundraising through stablecoins with traditional financial markets, targeting entry into the asset-backed lending business.

On November 9, 2026 (Monday), Securitize announced that it had signed a final contract to acquire River One, a financial company based in New York. In addition to its existing business of issuing and managing tokenized assets, Securitize plans to expand into lending backed by financial assets. The transaction details, including the acquisition amount, have not been disclosed, but the completion is expected in the fourth quarter of 2026, subject to customary closing conditions.

River One specializes in "warehouse lending," which allows small and medium-sized enterprises to borrow funds against assets such as accounts receivable. Lenders can use their held loan receivables as collateral to raise funds for new loans. The company combines AI (artificial intelligence) for credit assessment and collateral monitoring with blockchain technology to support fundraising using stablecoins.

With this acquisition, Securitize aims to enter the private asset-backed finance market, which is estimated to reach $6 trillion (approximately ¥958.4 trillion) globally. River One has been nurtured by Framework Ventures and has received investment support from both Framework Ventures and Maple Finance.

Carlos Domingo, CEO of Securitize, pointed out that the use of tokenization by institutional investors has moved beyond the experimental stage, indicating that this acquisition will lead to entry into asset-backed finance.

Record High Tokenized Assets Amid Business Expansion and Losses

At the same time as the acquisition announcement, Securitize also disclosed its financial results for the third quarter of 2026. Total revenue increased by 13% year-on-year to $18.6 million (approximately ¥2.97 billion), continuing the growth of its tokenization business.

The average amount of tokenized assets on the platform reached a record high of $5 billion (approximately ¥798.65 billion), a 39% increase compared to the same period last year. As of the end of September, the total amount was $4.8 billion (approximately ¥766.55 billion), with total transaction volume also increasing by 20% to $4.3 billion (approximately ¥686.7 billion). Revenue from the core tokenization business reached $11.5 million (approximately ¥1.83 billion), up 28%.

On the other hand, the net loss was $66.3 million (approximately ¥10.58 billion), a significant deterioration from a profit of about $4.1 million (approximately ¥650 million) in the same period last year. However, about $60 million (approximately ¥9.58 billion) of the loss was attributed to non-cash expenses and accounting costs related to business combinations, public offerings, and unexercised warrants.

The company's board of directors also approved a share buyback program of up to $50 million (approximately ¥7.98 billion) targeting until December 31, 2027. Actual buybacks are not guaranteed. As of the end of September, Securitize held approximately $300 million in cash and had no debt.

For Securitize, which has expanded its business foundation through the issuance and management of tokenized assets, this acquisition represents a new move to broaden its business scope into asset-backed lending.

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