Benchmark initiates coverage on Securitize, describing it as a "shovel seller" target in tokenization.

ME News message, April 1 (UTC+8), investment bank Benchmark for the first time covered the tokenization infrastructure platform Securitize, giving it a “Buy” rating and a $16 price target, and positioning it as an opportunity for the “picks and shovels” business model in the tokenization wave (i.e., a business selling shovels to the miners in the gold rush). The analysis notes that Securitize’s business model is built around the full lifecycle of tokenized assets, covering issuance, trading, and services, and it can continue to generate revenue as the industry scales up without relying on the success of a single asset or product. Benchmark believes that tokenization is one of the most profound changes in capital markets since electronic trading, and Securitize is positioned at the heart of this trend. The company has already captured about 70% of the U.S. tokenization market share and has partnered with major asset managers such as BlackRock, with its BUIDL fund size at about $1.7 billion. Securitize plans to go public through a merger with Cantor Equity Partners II, and is expected to trade on Nasdaq under the ticker SECZ after the merger. The analysis also points out that despite strong industry momentum, further adoption of tokenization still depends on the regulatory environment remaining clear. (Source: ODAILY)