Securitize acquires River One to enter $6 trillion asset-backed finance market, launches $50 million buyback

The deal adds warehouse financing, letting firms borrow against pools of loans or assets before selling or refinancing them. River One, a New York firm incubated by Framework Ventures and backed by Maple Finance, was acquired for undisclosed terms, with closing expected in Q4. Announced with Q3 earnings, Securitize's revenue rose 13% to $18.6 million while net loss hit $66.3 million, including roughly $60 million in largely non-cash charges. The company also launched a $50 million buyback; shares gained about 10% after hours but remain roughly 50% below late-September levels.

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