According to CNBC, Securitize reported third-quarter revenue of $11.5 million, up 28% year over year, as assets on its platform grew 9% to $4.8 billion and transaction volume rose 20% to $4.3 billion. Adjusted EBITDA was a loss of $2 million, compared with positive adjusted EBITDA of $3.6 million a year earlier and a $5.5 million loss in the second quarter. Operating costs and expenses increased 183%. On Monday, the company’s board authorized a $50 million share buyback, and Securitize announced it would acquire River One, an institutional asset-backed financing platform. The deal’s terms were not disclosed. CEO Carlos Domingo said the company sees an opportunity to use stablecoins to finance real-world assets and tokenize investment positions and credit products in the $9 trillion asset-backed finance market.