Benchmark initiates coverage on Securitize, calls it a ‘picks and shovels’ play for tokenization
The Block
Benchmark initiated coverage on Securitize with a Buy rating, highlighting its pivotal role in the growing real-world asset tokenization market.Summary
Benchmark has initiated coverage on Securitize with a Buy rating and a $16 price target, ahead of its planned merger with Cantor Equity Partners II. Analyst Mark Palmer describes the firm as a "picks and shovels" play, noting its dominant 70% market share in U.S. tokenization and its work with major institutions like BlackRock. As the industry anticipates significant growth in tokenized assets, Securitize is positioned at the center of this shift, supported by increasing interest from traditional finance firms and regulators.
(Source：The Block)