Securitize’s average tokenized assets reached a record $5 billion in the third quarter, while Ondo claims its platform is the largest

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Securitize’s average tokenized assets reached a record $5 billion in the third quarter, up 39% year over year, but its holdings stood at $4.8 billion as of September 30. Data from RWA.xyz on Monday showed Ondo at $4.04 billion, exceeding Securitize’s $3.81 billion; the two platforms use different measurement methodologies. Securitize’s first earnings report as a publicly listed company showed a net loss of $66.3 million, primarily related to merger and listing expenses.