Securitize posts $21.7M net loss in first earnings report since listing

Tokenization platform Securitize (SECZ) reported a $21.7 million net loss in the second quarter in its first earnings report since listing. Revenue fell 5% from a year earlier to $14.4 million, missing market expectations. SECZ shares plunged more than 20% in after-hours trading after the results, hitting a record low.