TechFlow News, April 1, according to The Block, investment firm Benchmark has initiated coverage of Securitize for the first time, assigning it a “Buy” rating with a target price of $16. Analyst Mark Palmer likened Securitize to a “pick-and-shovel” play in the tokenization space, asserting that Securitize stands to benefit regardless of which tokenized products or issuers ultimately prevail. The report states that tokenization represents one of the most profound transformations in capital markets since the introduction of electronic trading—and Securitize sits squarely at the heart of this transformation. Currently, the company commands approximately 70% of the U.S. tokenization market and has partnered with top-tier asset management firms such as BlackRock. Securitize plans to go public on the Nasdaq via a merger with Cantor Equity Partners II, under the ticker symbol SECZ.
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