String Metaverse Soars in Q3 FY26 with Triple-Digit Growth and Web3 Tokenization Leadership

String Metaverse Limited, a prominent Web3.0 enterprise, has reported an exceptional financial performance for the third quarter of Fiscal Year 2026 (Q3 FY26), alongside significant strategic advancements in its Tokenization as a Service (TaaS) platform. The company, formerly known as Bio Green Papers Limited, has demonstrated remarkable growth, with revenue and profit figures nearly tripling compared to the previous year, underscoring its accelerating momentum in the digital asset and financial market infrastructure space.

For Q3 FY26, String Metaverse achieved a revenue of ₹278.79 crore, marking a substantial 139.84% increase quarter-over-quarter (QoQ) compared to ₹116.25 crore in Q3 FY25. This robust top-line growth was complemented by impressive gains in profitability, with Profit After Tax (PAT) reaching ₹27.89 crore, a remarkable 173.23% QoQ expansion from ₹10.21 crore in the same period last year. Operational EBITDA also surged to ₹32.24 crore, up 173.96% QoQ, reflecting improved operating leverage and tighter cost control. The company's strong performance for the nine months ended December 31, 2025, further solidifies its trajectory, with revenue rising to ₹711.13 crore from ₹254.16 crore a year earlier, and PAT increasing to ₹67.82 crore from ₹22.34 crore.

The accelerated growth is primarily driven by scaled-up operations across its core segments, including Web3 gaming, Compute Infrastructure, and Digital Advisory. A pivotal highlight of the quarter was the successful launch of its Real-World Asset (RWA) Tokenization as a Service (TaaS) platform on Solana. This initiative, powered by the $IDLE Token, serves as a crucial settlement and liquidity layer, facilitating unprecedented access to a diverse range of tokenized assets. The platform processed an impressive$8.93 million in on-chain trading volume for tokenized U.S. equities and exchange-traded funds during the quarter, utilizing the Raydium decentralized exchange.

String Metaverse is strategically positioning itself as a provider of financial market infrastructure, moving beyond traditional trading platforms. Its TaaS platform is engineered for real-time settlement, continuous trading, and programmable ownership, enabling markets to transcend conventional trading hours and clearing cycles. The company's revenue model is distinct, focusing on transaction flow rather than market volatility, generating income through settlement services, liquidity provisioning, and infrastructure usage. As Ganesh Meenavalli, Managing Director of String Metaverse, stated, "We don't monetize volatility. We monetize order flow." This approach highlights a focus on sustainable, recurring revenue streams from the underlying infrastructure of digital finance.

With a global user base exceeding 5 million, String Metaverse is committed to continuous investment in its blockchain node network and computing capacity. This expansion is vital for scaling its operations and supporting the increasing adoption of its Web3 services. The company envisions a future where tokenization, currently in its nascent stage, akin to the internet in 1995, will encompass everything from stocks and bonds to metals and private equity, representing a multi-trillion dollar opportunity. String Metaverse aims to grow its String Community from 5.2 million users today to 100 million users within the next three years, solidifying its role as a leading Web3.0 digital nation.

String Metaverse's Q3 FY26 performance and strategic initiatives underscore its strong execution and visionary leadership in the rapidly evolving Web3 landscape. The company's focus on robust infrastructure, innovative tokenization solutions, and a resilient revenue model positions it for sustained growth and leadership in the digital economy.