AI-generated illustration / JBizNews
MIAMI – Securitize agreed Monday to acquire New York-based River One, adding a lending-finance business to its platform for tokenized assets as it reported higher third-quarter revenue and announced a $50 million share buyback authorization.
The agreement covers River Credit Labs Inc., which operates as River One. Financial terms were not disclosed. The companies expect to close in the fourth quarter of 2026, subject to customary closing conditions; the acquisition has not closed.
Founded in New York in 2025, River One provides technology for warehouse financing backed by small-business loans, receivables and other income-generating assets. These credit facilities give lenders capital to fund new loans as they are originated.
The proposed acquisition would take Securitize beyond issuing and servicing tokenized investments into financing the assets behind them. The companies aim to connect capital from the stablecoin market with traditional institutional lending, using River One’s underwriting, collateral monitoring and funding technology alongside Securitize’s blockchain-based infrastructure.
River One was incubated by Framework Ventures and received investment backing from Framework and Maple Finance. Its platform combines origination and structuring with reporting on collateral and the amounts borrowers can draw under their credit facilities.
“Credit is one of the most exciting emerging asset classes for blockchain-based financial markets, and acquiring River One represents an important step in expanding our business into this space,” Securitize Chairman and Chief Executive Carlos Domingo said.
Securitize cited an estimated $6 trillion global private asset-backed finance market as the opportunity it is targeting. That figure is a market-size estimate based on KKR and Integer Advisors data, not the purchase price or a measure of River One’s business.
In its third-quarter results, released Monday afternoon, Securitize reported total revenue of $18.6 million, up 13% from a year earlier. Its net loss was $66.3 million, or 41 cents per diluted share. The company said approximately $60 million consisted of largely noncash expenses and accounting charges, primarily connected with its business combination and public listing.
Adjusted EBITDA, a non-GAAP measure, was a loss of $2 million, compared with positive $3.6 million a year earlier. Average tokenized assets on its platform reached $5 billion during the quarter, up 39%; the quarter-end balance was $4.8 billion, up 9%.
Securitize ended September with about $300 million in cash and cash equivalents and no debt. Its board authorized the repurchase of up to $50 million of common stock on November 6, with the program running through December 31, 2027 and funded from available cash. The authorization does not require any purchases and can be changed, suspended or ended.
The deal puts asset-backed lending at the center of Securitize’s next expansion, but the acquisition’s value and any revenue contribution were not disclosed. Closing and integration remain ahead of the companies.
Illustration: AI-generated financial-district cityscape representing New York’s lending markets. It does not show River One’s offices or an actual acquisition event.
JBizNews Desk | Miami
© JBizNews.com. All rights reserved. Unauthorized reproduction or redistribution is strictly prohibited.
