Securitize just dropped its latest quarterly numbers, revealing a $21.7 million loss—even as trading activity on the platform hit an all-time high.

Quarterly Financials

Despite a surge in market interest and trading volume, Securitize ended the quarter in the red. The company logged a $21.7 million loss for the period.

Record Trading Volume

The platform saw its highest-ever trading volume this quarter. That’s a clear sign of growing demand for Securitize’s services and more users getting active on the platform.

Market Impact

Securitize’s numbers could be a bellwether for where the digital asset industry is headed. The combo of record trading volume and a hefty loss has analysts and market players paying close attention.