Securitize posts $66.3 million loss in first public quarter, agrees to buy River One

Securitize reported a $66.3 million loss in its first quarter as a public company, with most of the loss attributed to charges tied to its listing. Revenue rose 13% to $18.6 million, and the board approved a $50 million share buyback. The company also agreed to acquire River One. For traders, the tokenization firm's listing costs and buyback matter more than the headline loss, which was largely non-operational.