Securitize, the leading tokenized securities platform, reported record Q1 revenue and $3.4 billion in tokenized assets under management across approximately 650 active funds, with $1.9 billion in transaction volume for the quarter. The firm tokenizes assets including U.S. Treasuries, money market instruments, and private credit on behalf of institutional issuers. Growth was driven partly by BlackRock's BUIDL fund and similar institutional on-chain product launches.
For Armada's crypto repo desk, expanding tokenized T-Bill supply from Securitize-serviced funds directly enlarges the pool of high-quality liquid assets that could serve as collateral in on-chain repo structures. As tokenized T-Bill AUM scales, counterparties including family offices and market makers may increasingly prefer tokenized instruments over native crypto collateral, making it important for Armada to formalize eligibility, custody verification, and smart contract risk standards for these assets.