Benchmark initiates coverage of Securitize with buy rating

U.S. investment bank Benchmark has initiated coverage of security token platform Securitize with a Buy rating and a $16 price target, The Block reported. The rating comes as Securitize pursues a public listing through a merger with Cantor Equity Partners II. Benchmark explained that the token industry represents one of the most significant changes in capital markets since the advent of electronic trading, with Securitize positioned at its core.