Carlos Domingo joins us now.
He is the CEO at Securitize.
Carlos, thanks a lot for taking the time.
Uh, you just reported your very first earnings call as a publicly listed company.
Talk to me first and foremost about the top line takeaways you want investors to keep in mind.
Sure, so we just announced our first, uh, earning quarter.
We, uh, the, the AUM in our platform, uh, was up to $1 billion to $4.3 billion and shortly after we actually, you know, raised to $5 billion which is a record, uh, for us, uh, from a revenue perspective we have $14.4 million.
We came from a record quarter, the, the quarter before at, uh, 19.5 million, uh, so overall the industry continues, uh, you know, making progress.
The transactions are up like 149% in, in our platform.
Uh, we, you know, reviewed the partnerships announcements we did with computer shares with, uh, Continental, as you guys know, us after we went public in New York Stock Exchange, we organize our own stock and make it available on Chain.
So overall, you know, it was a very busy quarter, uh, and we've made a lot of progress.
Tokenized assets continue to hit record level after record level.
What are some of the biggest factors that are driving that growth, Carlos?
I think we're seeing a lot more institutional adoption coming.
Uh, this is an important thing because we're kind of like decoupling a little bit from, from what was initially, uh, the, the tokenized economy which was mainly consumed by, by the crypto ecosystem, uh, which is a good thing, uh, while, you know, some other, uh, parts of the market like crypto is down almost 50% in the, the, the highest in, in October. stable coins are flat, but tokenized assets continue, continue growing significantly, and, and we still think that we're in the very, very early stages of the industry and there is a lot of growth ahead.
Are there particular assets that you see highest levels of interest from investors in terms of eventually putting on chain?
The two areas that we're focusing are on one side, so yield bearing assets, all the spectrum that goes from, from tokenized treasuries, which is the largest, uh, category where we have a, a leadership position with, uh, our partnership with, uh, with Black Rock where during the quarter we announced the, the second tokenized treasury fund, uh, with them all the way to any yield bearing assets, you know, uh, bonds, uh, credit, uh, etc.
So that's one particular area of focus.
The other one that.
You know, there's a lot of interest in the industry, but there's still very, very small, but, uh, which is tokenize equities and ETFs.
This is a massive opportunity because it's a, it's a huge market at a $100 trillion plus uh size that only 2% of it moves on chain, it will basically double the size of the entire crypto market.
Big banks, asset managers, all the so-called smart money here on Wall Street.
Are you seeing them finally moving away from experimentation with tokenization to actually doing it?
I've been in this industries longer than anybody else I would argue because our platform was one of the first ones, uh, almost 9 years ago, and I can tell you I've never seen more interest than, uh, around tokenization coming from, you know, large, uh, both asset managers as as well as banks.
Every single one that we talked to has a full team now looking at the space and, and it's a matter of time whether all of them, you know, come full fledged into the market.
You tokenized almost $300 million of your own stock.
Not many companies can say that.
Why did you do it and what did it prove?
So actually no other company can say that we were the first one that actually did that on listing day of having simultaneously our shares available through the New York Stock Exchange as well as on chain, uh, in tokenized format.
Um, the, the reason we did it was obviously to showcase the the capabilities to also prove to the market that this is something you can actually do in a regulated way in the US that you don't have to go to do.
To do it offshore and and create derivatives or other type of uh of synthetic instruments, um, it was a great showcase.
It became the largest uh tokenized equity in the industry overnight and we're very proud of it and we hope that many other companies will be doing the same thing moving forward.
Carlos Domingo, CEO of Securitize, thanks a lot for taking the time.
Great to get your perspective.
Thanks, thanks for having me again.
