Benchmark Starts Securitize Coverage, Sees Tokenization Growth

Venture capital firm Benchmark has launched coverage of Securitize, a digital asset securities firm, with a "buy" rating and a $17 price target. Benchmark views Securitize as a key infrastructure provider, likening its role in the burgeoning tokenization market to a "picks and shovels" play. The firm anticipates significant growth in asset tokenization, projecting that Securitize is well-positioned to capitalize on this trend. This initiation of coverage suggests growing institutional confidence in the potential of tokenized assets and the companies building the necessary technology.