WhiteHorse Finance Q3 Earnings Call Highlights
- On Monday, Miami-based Securitize Corp. announced a definitive agreement to acquire River Credit Labs Inc. , a platform specializing in connecting stablecoin capital with traditional institutional lending markets.
- The acquisition positions Securitize to enter the $6 trillion global private asset-backed finance market, allowing the firm to modernize financing by using blockchain technology to generate yield and tokenize credit products.
- River One provides AI-based infrastructure for warehouse credit facilities, monitoring collateral and funding operations in real-time. "We built River One to bring modern AI and blockchain technology," Co-Founder Braham Mehta said.
- Concurrent with the acquisition, the Securitize board authorized a $50 million share buyback, occurring as the global stablecoin market has expanded to approximately $321 billion.
- Management aims to capture revenue growth by integrating warehouse financing capabilities into its infrastructure. KKR estimates the global private asset-backed finance market could reach $9.2 trillion by 2029.
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