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Securitize Reports Record $5 Billion in Tokenized Assets as Ondo Claims the Lead
Securitize said its tokenized assets averaged a record $5 billion in the third quarter, up 39% year over year, while its first results as a listed company showed a $66.3 million net loss. RWA.xyz ranked Ondo ahead by Monday, but the firms' asset counts measure different things.
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What happened
Securitize said its tokenized assets averaged a record $5 billion in the third quarter, up 39% year over year, while its first results as a listed company showed a $66.3 million net loss. RWA.xyz ranked Ondo ahead by Monday, but the firms’ asset counts measure different things.
Confirmed
Global impact / market context
The record average suggests Securitize’s tokenized-asset activity grew, but its reported loss shows that growth did not translate into profit in the quarter. A large Treasury-linked fund makes rankings sensitive to redemptions, which could shift perceived leadership and influence investor attention or business opportunities.
Analyst inference
RWA.xyz counted $4.04 billion for Ondo and $3.81 billion for Securitize by Monday, while Securitize’s own broader measure was $4.8 billion at September 30. These figures are not directly comparable; both platforms also depend heavily on Treasury-linked products, making rankings vulnerable to large withdrawals.
Confirmed
What to watch
- Watch for future Securitize results showing whether its tokenized-asset average and quarter-end total continue rising, and whether losses narrow as the business scales. Analyst inference
- Track changes in BUIDL’s supply and its share of RWA.xyz’s Securitize count; large redemptions could quickly alter the platforms’ relative ranking. Analyst inference
- Compare later tokenized-stock totals with the October 2025 figures: Ondo had about $302.9 million and Securitize $249.6 million, according to cited data. Confirmed