Securitize earns less from tokenizing more in its first results
The largest tokenization platform filed its first quarterly results as a public company on 12 August.
Bank
Cantor Fitzgerald
Custodian of the Treasury reserves behind Tether's stablecoins and one of the 24 primary dealers authorised to trade US government securities with the Federal Reserve Bank of New York; in July 2026 it agreed to work with Securitize on tokenized share issuance during initial public offerings.
The profile
New York financial services firm founded in 1945, and one of the 24 primary dealers authorised to trade US government securities with the Federal Reserve Bank of New York. It custodies the Treasury reserves behind Tether's stablecoins and was named reserve custodian and preferred primary dealer for USAT, Tether's US-regulated token. In July 2026 it agreed to work with Securitize on issuing equity in tokenized form during initial public offerings, with executives suggesting issuers might tokenize 5% to 10% of an offering.
Products and services
- Government securities dealing
- Primary dealer franchise in US Treasuries, used to hold and manage reserve assets backing regulated dollar tokens.
- Bitcoin financing
- Bitcoin-backed lending business launched with an initial $2bn of capacity and third-party digital asset custodians.
Coverage
Developments in which Cantor Fitzgerald is a named party, newest first.
Stablecoins
Tether launches USAT, a US-regulated dollar stablecoin issued by Anchorage Digital Bank
Tether announced USAT on 27 January 2026, a dollar stablecoin issued in the United States by Anchorage Digital Bank under the GENIUS Act framework, with Cantor Fitzgerald as reserve custodian and preferred primary dealer.
On the record
Securitize reports falling tokenization revenue on record tokenized assets
In its first results as a public company, filed on 12 August 2026, tokenization revenue fell 12 per cent to $7.84m while average tokenized assets under management reached a record $4.3bn and aggregate transaction volume rose 147 per cent to $5.3bn. Net loss was $21.7m, most of it fair-value marks, and fund services assets fell about 20 per cent.
Tether announces USAT, a US-issued dollar stablecoin
Tether announced USAT, a dollar stablecoin issued in the United States by Anchorage Digital Bank under the GENIUS Act framework, with Cantor Fitzgerald as reserve custodian and preferred primary dealer. The token sits alongside USDT, which continues to be issued outside the United States.