Securitize stock surges as Benchmark initiates coverage with buy rating and $16 target

Securitize, the company quietly building the plumbing for Wall Street’s blockchain future, caught a serious tailwind after Benchmark initiated coverage with a Buy rating and a $16 price target. The stock surged on the news, which framed the tokenization platform as the dominant infrastructure provider in a market that analysts believe could attract tens of trillions of dollars over the next decade. Securitize provides the rails for issuing, managing, and trading tokenized securities, collecting fees at every step, much like traditional exchanges and clearinghouses do today. The “picks and shovels” thesis Benchmark’s analysts used a term borrowed from Gold Rush economics: “picks and shovels” play. Securitize occupies a similar position in real-world asset tokenization. Securitize controls roughly 70% of the US tokenization market. Its most prominent client relationship is with BlackRock’s BUIDL fund, a tokenized money market product that held approximately $1.7 billion in assets at the time of Benchmark’s initiation. Benchmark set its price target at $16 per share. In July 2026, Rosenblatt followed with its own Buy rating and a $14 target. Going public through the SPAC route Securit...