Benchmark Bullish on Securitize: Sets $16 Target Price, Bets on Growth Potential of Tokenization Sector

Odaily News: Benchmark reiterated its bullish stance on Securitize in its latest research report, assigning a post-listing (ticker: SECZ) target price of $16, believing the company is well-positioned to benefit significantly from the wave of tokenized assets.

The analysis points out that the total market capitalization of companies listed on the NYSE is approximately $44 trillion. If Securitize captures just 1 basis point (0.01%) of this market, the assets on its platform could double from the current roughly $4 billion.

Benchmark emphasized that Securitize is not just a tokenization platform but possesses a "complete regulatory qualification system" covering broker-dealer, transfer agent, and trading functions, enabling it to generate diversified revenue throughout the entire lifecycle of assets, including issuance, secondary trading, and custody services.

Furthermore, the company has been designated as the digital transfer agent for the NYSE's proposed tokenized securities platform, which will support 24/7 trading. Additionally, its tokenized U.S. Treasury fund BUIDL, launched in partnership with BlackRock, has grown to nearly $3 billion, indicating rapid growth in the institutional-grade RWA market.

However, Benchmark also noted that factors including regulatory uncertainty, fragmented liquidity, and technological risks could still pressure its valuation. (The Block)