Tokenization platform Securitize announced a 39% year-over-year increase in first-quarter revenue, reaching $19.5 million, marking a record high for a single quarter. The company's asset services revenue surged by 201% to $8.3 million. As of March 31, Securitize managed tokenized assets worth $3.4 billion and had $24.9 billion in assets under custody. Despite the revenue growth, Securitize reported a net loss of $7.9 million, an increase from the previous year. The losses are attributed to higher expenses related to expansion efforts and preparations for a SPAC merger with Cantor Equity Partners II. Securitize has established partnerships with major entities such as the New York Stock Exchange and Uniswap Labs.