Here are 1-3 brief analogies for Securitize (SECZ):

• NASDAQ for digital asset securities.
• Coinbase for tokenized stocks and bonds.
• Stripe for digital asset securities infrastructure.

• Asset Tokenization Platform: A comprehensive platform for creating digital representations (tokens) of various assets and securities.
• Capital Raising Solutions: Services designed to help companies raise capital by issuing and managing digital asset securities.
• Secondary Trading Platform: A marketplace that facilitates the trading of tokenized securities among investors after their initial issuance.

Securitize Corp. primarily sells its services to other companies. Based on publicly available information and partnerships, major customers include:

• KKR & Co. Inc. (Symbol: KKR) - A global investment company that utilized Securitize's platform to tokenize a portion of its Healthcare Strategic Growth Fund, making it available to a broader range of investors.
• Hamilton Lane Incorporated (Symbol: HLNE) - A private markets investment management firm that partnered with Securitize to tokenize a portion of its flagship funds, enhancing accessibility for eligible investors.
• ProShares - An asset manager that collaborated with Securitize to offer tokenized versions of certain ETFs, providing innovative access to their investment products.

Carlos Domingo, Co-Founder & CEO

Mr. Domingo has over 25 years of experience in innovation, digital transformation, venture capital, the crypto-economy, and tokenization. He co-founded Securitize in 2017. Mr. Domingo has also founded several other businesses, including SPiCE VC, one of the first tokenized venture capital funds, and Sling Ventures, an angel investment fund. He previously served as CEO of Telefónica R&D and CEO of New Business and Innovation at Telefónica Digital. Under his leadership, Securitize secured SEC-registered broker-dealer licenses and partnered with BlackRock to launch BUIDL, a tokenized fund.

Francisco Flores, Chief Financial Officer

Mr. Flores has been Director and Chief Financial Officer of Securitize since October 2025 and January 2026, respectively. He previously served as Chief Financial Officer and Director of Finance of Securitize since July 2021, and prior to that, held various consulting roles from June 2020 to June 2021. Mr. Flores brings over 20 years of international experience from his roles as CFO, Head of FPA, and SVP of Strategy at companies such as HSBC, Accenture, Banistmo, and Interacciones.

Jamie Finn, Co-Founder & President

Mr. Finn is a Co-Founder of Securitize, established in 2017. He has over 20 years of experience as an operating entrepreneur and corporate executive. Prior to Securitize, he held roles at Telefonica, O2, Ericsson, and AT&T in Big Data Product Innovation, and was involved with startups including Kontera, A.Ki, Thumbplay, and Zingy. Mr. Finn has participated in over $700 million worth of transactions on both the buy and sell side in Tech M&A during his career. He played a key role in Securitize becoming a registered broker-dealer, transfer agent, registered investment advisor, and alternative trading system.

Michael Sonnenshein, Chief Operating Officer

Mr. Sonnenshein joined Securitize as Chief Operating Officer in December 2024. Before joining Securitize, he served as the CEO of Grayscale Investments from 2021 until May 2024. Mr. Sonnenshein is recognized for his strategic vision and ability to navigate complex regulatory landscapes, which have been instrumental in establishing digital assets as a mainstream investment class.

Georgia Quinn, Chief Legal Officer

Ms. Quinn was appointed Chief Legal Officer of Securitize in March 2025. She is an accomplished legal expert in digital assets and financial regulation. Prior to Securitize, Ms. Quinn served as General Counsel at Anchorage Digital, where she gained extensive experience navigating the complex regulatory landscape of digital assets and played a pivotal role in shaping legal frameworks for blockchain-based financial services.

Here are the key risks to Securitize's business:

1. Regulatory Uncertainty: The digital asset and tokenization industry operates within a complex and evolving regulatory landscape. Regulations vary significantly across different jurisdictions, which creates challenges for global implementation, compliance, cross-border issuance, trading, and settlement. The lack of clear, consistent regulatory frameworks introduces legal and operational risks for companies like Securitize, impacting their ability to expand and innovate.
2. Slower-Than-Expected Institutional Adoption and Market Growth: While tokenization offers potential benefits such as increased liquidity and fractional ownership, the institutional adoption of real-world asset (RWA) tokenization is still in its early stages. The pace at which institutions and investors embrace new market structures and tokenized assets will significantly influence Securitize's growth. There are also ongoing challenges related to market infrastructure, standardization, and secondary market liquidity, which could slow broad monetization and keep tokenization adoption concentrated in niche products.
3. Cybersecurity Risks: As a platform for tokenizing and managing digital asset securities, Securitize is exposed to significant cybersecurity threats. Distributed ledger technology can be vulnerable to attacks from malicious actors, fraud, and deception, including the potential for loss, theft, or misuse of private keys that grant access to digital assets. A successful cyberattack could lead to substantial financial losses, reputational damage, and a loss of trust from clients and investors.

The growing investment by established traditional financial institutions (e.g., major banks, asset managers) in developing their own in-house digital asset security platforms and tokenization services. These institutions possess significant capital, existing client relationships, and deep regulatory expertise, which could allow them to offer similar solutions for asset tokenization, capital raising, and secondary trading, thereby directly competing with and potentially marginalizing specialized third-party platforms like Securitize.

Securitize (symbol: SECZ) operates in the rapidly expanding market for digital asset securities, offering solutions for asset tokenization, capital raising, and secondary trading of digital assets. The addressable markets for these services demonstrate significant global growth.

Asset Tokenization and Digital Asset Securities

The global asset tokenization market is experiencing substantial growth. In 2024, its value was estimated at approximately USD 3.47 billion to USD 5.02 billion. Projections indicate a remarkable expansion, with the market expected to reach USD 13.53 billion by 2030 and potentially USD 28.97 billion by 2033. Broader estimates for the global tokenized assets market show it was valued at USD 25.8 billion in 2024 and is projected to reach around USD 2,832.3 billion by 2034, growing at a compound annual growth rate (CAGR) of 60% from 2025 to 2034.

More specifically, the global asset tokenization market, which encompasses the conversion of real-world assets into digital tokens, was valued at USD 1.8 trillion in 2025 and is projected to grow to USD 24.5 trillion by 2033, with a CAGR of 42.1% from 2026 to 2033. Another report places the global asset tokenization market at USD 3.00 trillion in 2025, with an expectation to reach USD 130.67 trillion by 2035 (CAGR of 45.83% from 2026–2035).

For tokenization platforms specifically, the global market is valued at approximately USD 2.02 billion in 2026 and is projected to reach USD 6.85 billion by 2035.

The global market for tokenized real-world assets reached approximately USD 60 billion as of July 2026. Other recent figures for tokenized real-world assets include about USD 32 billion in mid-2026, reflecting a more than 400% increase since early 2025, and approximately USD 65 billion as of July 2026. Tokenized real-world assets on public blockchains alone crossed USD 27.4 billion in March 2026, and approached a new all-time high of USD 37 billion in total value as of July 27, 2026.

The global tokenized securities market was valued at USD 4.8 billion in 2025 and is projected to reach USD 43.6 billion by 2034, with a CAGR of 27.8% from 2026 to 2034.

Regional Market Size (North America/U.S.)

North America consistently holds a dominant position in these markets. In 2024, North America was the largest revenue-generating market for tokenization. For the broader tokenized assets market, North America held a dominant share of over 38.8%, generating USD 10.01 billion in revenue in 2024. The U.S. asset tokenization market was valued at USD 1.12 trillion in 2025 and is projected to reach approximately USD 50.86 trillion by 2035. In the tokenized securities market, North America commanded the largest share at USD 1.85 billion and 38.5% of total revenue in 2025. The U.S. also held the largest market share in the asset tokenization market in 2025.

Capital Raising

Securitize provides solutions for capital raising through asset tokenization. The global digital asset securities issuance platform market, which facilitates capital raising, was valued at USD 1.68 billion in 2025 and is projected to expand to USD 7.72 billion by 2034, representing an 18.5% CAGR. North America led this market with USD 0.648 billion in 2025, capturing 38.5% of the global revenue share.

Secondary Trading

Securitize also offers secondary trading solutions for digital asset securities. The secondary trading and exchanges segment within the asset tokenization market is expected to exhibit the fastest growth over the forecast period. While specific market sizes for secondary trading of *digital asset securities* are less granularly broken out from broader tokenization figures, equity tokens alone generated approximately USD 2.94 billion in trading volume, indicating active secondary market participation. The broader cryptocurrency spot trading volumes, which can include digital asset securities, have reached daily averages of USD 30-50 billion, with peak daily volumes exceeding USD 100 billion.

Expected Drivers of Future Revenue Growth for Securitize (SECZ)

1. Growth in Real-World Asset (RWA) Tokenization: Securitize is positioned to capitalize on the significant expansion of the tokenized real-world asset market, which is projected to grow substantially from approximately $33 billion to an estimated $40 trillion. As a leading platform in this sector, Securitize is expected to benefit from this accelerating market adoption.
2. Increased Institutional Adoption and Strategic Partnerships: Key partnerships and institutional collaborations are significant growth drivers. This includes the successful issuance of BlackRock's BUIDL tokenized money market fund and its expanded accessibility through integrations with Uniswap Labs. Additionally, Securitize's role as the first firm eligible to mint blockchain-based securities for ETFs on the NYSE's Digital Trading Platform and its partnership with Cantor Fitzgerald for on-chain IPOs and secondary offerings are expected to drive significant transaction volume and tokenization revenue.
3. Expansion of Asset Servicing and Administration Fees: Revenue growth is expected from the continuous increase in asset servicing fees, which saw a 201% jump in Q1 2026 compared to Q1 2025. This growth is tied to the rising volume of tokenized assets under management (AUM) and the expanding number of funds serviced by Securitize Fund Services, which currently stands at 650 active funds.
4. Favorable Regulatory Developments and Clarity: Emerging regulatory clarity and supportive frameworks for blockchain-based securities in the U.S. are anticipated to accelerate the adoption of tokenized assets. Approvals from FINRA for Securitize to custody tokenized securities and underwrite tokenized IPOs and secondary offerings further expand the addressable market and operational capabilities of the company.
5. Leveraging its "Picks and Shovels" Position: As a core infrastructure provider for the tokenization ecosystem, Securitize is set to benefit from its foundational role in issuance, transfer agency, servicing, and asset administration. This "picks and shovels" approach positions the company to capture recurring fees as the overall tokenization market matures and scales.