Securitize reports $22M Q2 net loss as revenue falls 5%, shares crater over 20%

Securitize (SECZ), BlackRock's tokenization partner, falls 20% after earnings miss

Securitize reported $14.4M revenue (miss vs $20.6M expected, $2.37 loss/share) despite $5.3B transaction surge (+147%) and BlackRock momentum. Transaction growth masks profitability collapse—infrastructure margins pressured despite adoption, signaling tokenization monetization lags Wall Street expectations.