Citi downgrades Securitize to Neutral on tokenization revenue doubts
- —SECZ cut to Neutral; price target raised to $14 from $10
- —Q2 tokenization revenue fell 12% to $7.8 million
- —Transaction volume rose 147% to $5.3 billion; tokenized AUM reached $4.3 billion
- —2026 revenue guidance trimmed to $70–80 million; adjusted EBITDA loss of $5.5 million
Why it matters: Tokenization is expanding, but monetization remains unproven — a signal for investors in crypto infrastructure names.
Source: Crypto Briefing