Key Takeaways
- Securitize shares jumped 10% after it signed a memorandum of understanding with LG CNS to explore tokenized funds, equities and stablecoins for Korean financial institutions.
- The deal names no revenue, committed assets or timeline, so the jump is running well ahead of anything the partnership has delivered.
- In the second quarter of 2026, Securitize’s revenue fell 5% from a year earlier to $14.4 million, and its net loss widened to $21.7 million.
- Analysts expect revenue to climb from $71.9 million in fiscal 2026 to $201 million in fiscal 2028, before any business from Korea.
Shares of Securitize (SECZ) jumped 10% today, Tuesday, after the tokenization platform announced a partnership with South Korea’s LG CNS before the open.
In the announcement, Securitize co-founder and CEO Carlos Domingo called South Korea “an important market for the next phase of institutional tokenization.”
I’d hold off on getting excited.
The details
The two companies signed a memorandum of understanding. It lists three areas they’ll “explore” together:
- Market development: uses for tokenized assets and stablecoins at financial institutions in Korea and across Asia-Pacific
- Products: tokenization tools built for Korean institutions and the country’s changing rules
- Infrastructure: stablecoin and settlement systems that could eventually link Korean markets to global ones, if regulators approve
There’s no dollar figure attached to any of it. The release also says every product still needs regulatory approval and sign-off from both companies.
That’s a big stock move for a partnership that hasn’t produced any business yet.
Growth has to come from home first
Securitize’s last quarter was rough. In the three months to June 30, revenue fell 5% from a year earlier to $14.4 million, and its net loss grew to $21.7 million from $5.5 million.
There is a bright spot: tokenized assets under management reached about $5 billion in September, up from $4.3 billion at the end of June.
Analysts are counting on that turning into much more revenue…
That’s revenue nearly tripling in two years, and none of it comes from Korea.
Aletheia Capital analyst Brooksley Kang, who started coverage with a Hold rating on Sept. 29, said “current trading levels already price in significant optimism around volume growth.”
The upshot
Korea could become a real market for Securitize, and LG CNS’s relationships across the country’s financial sector are a good way in. But today’s jump is for an agreement to keep talking, while the business behind it shrank last quarter. I’d want to see revenue growing again before treating Korea as more than a long-term option.
Of course, if the memorandum leads to signed deals with Korean banks or asset managers, it will be worth taking a fresh look.
So what is Securitize stock actually worth?
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