Investment firm Benchmark initiates coverage of Securitize with a Buy rating

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BlockBeats message, April 1, according to The Block, the investment firm Benchmark has for the first time initiated coverage research on Securitize, assigning a Buy rating and a target price of $16. Analyst Mark Palmer likened it to “shovel and hoe” targets in the tokenization space, believing that regardless of which type of tokenized product or issuer ultimately emerges as the winner, Securitize can benefit from it.

The report notes that tokenization is one of the most profound changes in capital markets since the introduction of electronic trading, and Securitize is positioned right at the heart of this transformation. Currently, the company has captured about 70% of the U.S. tokenization market and has reached partnerships with leading asset managers such as BlackRock. Securitize plans to list on Nasdaq through a merger with Cantor Equity Partners II, with the ticker symbol SECZ.

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