Securitize moves to acquire River One

Tokenization platform Securitize (SECZ) has agreed to acquire River One, an institutional asset-backed finance platform, The Block reported. Through the deal, Securitize plans to add asset-backed lending to its tokenization platform. The acquisition is expected to close by the end of this year, although the purchase price was not disclosed. Separately, Securitize posted third-quarter revenue of $18.6 million, up 13% from a year earlier, while net loss came to $66.3 million. Asset tokens on the platform rose 39% to $5 billion.