Securitize Acquires River One to Expand Into Asset-Backed Finance Market

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Tokenization firm Securitize announced an acquisition of River One alongside a $50 million stock buyback. The moves come as the company's quarterly revenue rose 13%. Its shares, which trade under SECZ, climbed 10% in after-hours trading following the announcement. The deal signals Securitize's push into the asset-backed finance market, which is valued at roughly $6 trillion.

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