Securitize Corp. has entered a definitive agreement to acquire River Credit Labs Inc., known as River One, in a move that would extend the New York Stock Exchange-listed tokenization firm into institutional asset-backed lending. The transaction, disclosed Monday alongside third-quarter financial results, is expected to close in the fourth quarter of 2026 subject to customary conditions. Financial terms were not disclosed.

River One, founded in New York in 2025 and incubated by Framework Ventures with additional backing from Maple Finance, develops technology that enables lenders to access stablecoin funding against pools of income-generating assets such as small business loans and receivables. The platform focuses on warehouse financing, supplying capital to originators as they make new loans while maintaining traditional credit underwriting standards and legal protections. Borrowers interact in ordinary dollars, with stablecoin capital operating behind the scenes.

The acquisition would give Securitize a role in arranging credit in addition to its existing business of issuing and servicing tokenized assets for institutional clients. Securitize positioned the deal as an entry into the approximately $6 trillion global private asset-backed finance market, where banks, private credit funds and specialty lenders provide capital backed by portfolios of income-producing assets.

Strategic Expansion Beyond Tokenization

Securitize has established itself as a major provider of blockchain-based infrastructure for real-world assets, working with large asset managers. The company ranks among the largest platforms by tokenized value. Adding River One’s capabilities is intended to create a fuller suite of services, from asset origination and financing through to tokenization and ongoing servicing.

Carlos Domingo, Securitize’s chairman and chief executive, described the opportunity in credit markets. He stated that River One brings a talented team and deep expertise in asset-backed financing and blockchain technology that will allow the firm to participate in asset origination and lending markets. The deal opens a significant new addressable market with opportunities for higher-value services, additional revenue streams and greater monetization across the platform.

River One’s model relies on AI-based underwriting combined with flexible financing structures and collateral monitoring. The acquisition represents Securitize’s first major deal since completing its public listing earlier in 2026 through a business combination.

Third-Quarter Results and Share Reaction

Securitize reported total revenue of $18.6 million for the third quarter ended September 30, 2026, a 13 percent increase from the prior-year period and the second-highest quarterly figure in company history. Tokenization revenue rose 28 percent to $11.5 million, while asset servicing revenue declined 6 percent to $7.2 million.

Average tokenized assets on the platform reached a company record of $5.0 billion, up 39 percent year over year. Total tokenized assets stood at $4.8 billion at quarter-end, a 9 percent increase. Aggregate transaction volume climbed 20 percent to $4.3 billion.

The company recorded a net loss of $66.3 million, or $0.41 per diluted share. Approximately $60 million of that loss stemmed from largely non-cash expenses and accounting charges primarily tied to the business combination and public listing. Adjusted EBITDA was a loss of $2.0 million, compared with positive adjusted EBITDA of $3.6 million in the year-earlier quarter.

Securitize also authorized a $50 million share repurchase program funded from existing cash and running through the end of 2027. The company held roughly $300 million in cash and cash equivalents with no debt at quarter-end. Shares of Securitize rose more than 10 percent in after-hours trading following the dual announcements of the results and the acquisition agreement.

Growth in tokenized assets was supported by products from major managers including BlackRock, ARK Invest and Neuberger. Domingo noted that institutions appear past the experimental stage with real products moving onchain. After the quarter closed, Securitize also launched Securitize Stocks, a service providing eligible investors access to tokenized interests in select U.S.-listed equities.

Market Context and Next Steps

The deal comes as institutional interest in tokenized real-world assets continues to expand. Securitize’s platform already supports issuance, servicing and related activity for a range of funds and securities. Integrating warehouse financing is designed to allow clients to both digitize assets and obtain credit against them within a single environment.

Completion of the acquisition remains subject to customary closing conditions. Once closed, the combined platform is expected to offer institutions a pathway to originate, finance and tokenize asset-backed exposures while connecting traditional lending structures to stablecoin capital sources.