Tokenization infrastructure company Securitize reported second-quarter results showing revenue of $14.4 million, down 5% year over year, and a net loss of $21.7 million. According to Foresight News, adjusted EBITDA loss was $5.5 million.

The company said its average quarterly tokenized assets under management reached $4.3 billion, up 16% year over year. Quarterly trading volume totaled $5.3 billion, increasing 147% from a year earlier.