Securitize Plans River One Acquisition to Connect Stablecoin Capital With Asset-Backed Finance

TL;DR: Securitize has announced an agreement to acquire River One as it looks to connect tokenized capital with traditional asset-backed financing.

The cited $6 trillion refers to the broader market opportunity, not the transaction price, and the proposed deal still needs to close.

Securitize is moving from issuing and servicing tokenized assets toward a potentially larger role in the financing arrangements behind them.

The company said on November 9 that it had agreed to acquire River One, positioning the move as a way to connect stablecoin liquidity with asset-backed finance.

The company’s announcement refers to an estimated $6 trillion addressable asset-backed finance market.

That figure describes the industry segment it hopes to serve.

It is not a disclosure of how much Securitize is paying for River One, or evidence that $6 trillion will move onto blockchains.

What Securitize is trying to connect Stablecoins can make the cash side of certain transactions programmable and easier to move across compatible systems.

Asset-backed finance, meanwhile, involves funding arrangements supported by receivables, loans and other cash-generating assets.

Bringing the two together could change how some credit products are funded, serviced and settled.

It could also introduce a set of complications familiar to traditional lenders.

Continue reading at the original source →