Dubai MoU puts Securitize in focus for regulated tokenisation

Dubai's Virtual Assets Regulatory Authority has signed a Memorandum of Understanding with Securitize (SECZ), creating a collaboration framework aimed at supporting regulated tokenisation and digital asset infrastructure across the Emirate.

The news from Dubai comes on top of a busy few weeks for Securitize, which has announced partnerships with CURRENC Capital and Socios.com and filed a US$203.38m shelf registration. Yet the stock still trades at US$7.10 with a 1-year total shareholder return that is down 32.19%. Over the shorter term, momentum has picked up, with a 1-day share price return of 9.06% and a 7-day share price return of 6.45%. However, the 90-day share price return is down 41.52%, which shows that recent optimism is emerging after a period of sustained weakness.

Scan other tokenisation and digital asset infrastructure stocks that share some of Securitize's theme by reviewing the curated 21 cryptocurrency and blockchain stocks .

Bulls point to Securitize's new deals and revenue growth, while bears focus on the share price slide and ongoing losses. Which side does the current valuation lean toward as investors reassess this recent rebound?

Preferred Price-to-Sales of 18.2x: Is it justified?

Securitize last closed at $7.10, yet on a P/S basis the stock trades at 18.2x revenue, which is high compared with both peers and fair value estimates built from fundamentals.

The price to sales ratio compares the company's market value with its annual revenue. For a young, loss making platform like Securitize, investors often focus on this metric because earnings are still negative and cash flows are not yet a reliable guide. A high P/S can signal that the market is pricing in strong future revenue expansion and eventual profitability.

In Securitize's case, the current 18.2x P/S is far richer than the estimated fair P/S ratio of 1.8x suggested by regression based analysis, and it also exceeds the US Capital Markets industry average of 3.7x by a wide margin. That suggests the market is assigning a premium that is much higher than both sector norms and what the fair ratio model implies the multiple could move toward over time.

Explore the SWS fair ratio for Securitize .

Result: Price-to-Sales of 18.2x (OVERVALUED)

However, Securitize also carries risks, including ongoing losses of US$61.91m and a rich 18.2x P/S multiple that could compress if sentiment cools.

Find out about the key risks to this Securitize narrative.