Securitize Acquires River One to Enter Asset-Backed Finance
Tokenization firm Securitize has acquired River One and announced a stock buyback following a 13% rise in quarterly revenue.
Tokenization firm Securitize is expanding its reach into the asset-backed finance market through the acquisition of River One. Alongside the deal, the company announced a $50 million stock buyback following a 13% increase in its quarterly revenue. Shares of Securitize rose 10% in after-hours trading following the announcements.
Original report: CoinDesk ↗
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