Deal expected to close in the fourth quarter; financial terms undisclosed
ForkLog reports that tokenization platform Securitize has agreed to acquire River One. The company intends to enter the $6 trillion asset-backed financing market.
The acquisition is expected to combine tokenized real-world assets with lending, including the use of capital in stablecoins. The parties expect to close the deal in the fourth quarter.
Securitize also reported a 13% increase in quarterly revenue to $18.6 million. The financial terms of the acquisition were not disclosed.
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