Securitize enters voting phase for merger listing, Benchmark sets $16 target price

Odaily Odaily reports that Benchmark has maintained a Buy rating for Securitize, a tokenization infrastructure company, with a $16 price target based on the firm's projected revenue of $178 million in 2027. The SEC has approved the registration statement for Securitize's merger with Cantor Equity Partners II. Shareholders will vote on June 29; if approved, the merged entity will list on the New York Stock Exchange under the ticker SECZ.

The report states that Securitize holds a differentiated advantage through its comprehensive compliance license framework spanning the US and Europe. This includes registration in the US as a broker-dealer, alternative trading system, transfer agent, and fund service provider, as well as holding trading and settlement licenses under the EU's DLT Pilot Regime. Securitize currently manages approximately $3.4 billion in tokenized assets, and its niche market segment has surpassed $30 billion in size. (The Block)