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Benchmark Starts Securitize Coverage, Sees Tokenization Growth
The Block·
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.
Tags
fintech
regulation
crypto
Original Source
The Block — theblock.co