Investment firm Benchmark initiates coverage of Securitize with a Buy rating

BlockBeats News, April 1st: According to The Block, investment firm Benchmark has initiated coverage on Securitize for the first time, giving it a Buy rating with a target price of $16. Analyst Mark Palmer likened it to the "pickaxe and shovel" play in the tokenization space, believing that Securitize will benefit regardless of which type of tokenization product or issuer ultimately prevails.

The report points out that tokenization is one of the most profound changes in the capital markets since the introduction of electronic trading, and Securitize is at the heart of this transformation. Currently, the company holds about a 70% share of the U.S. tokenization market and has partnered with top asset management firms such as BlackRock. Securitize plans to go public through a merger with Cantor Equity Partners II and will trade on the Nasdaq under the symbol SECZ.