StoneX keeps $18 target on Securitize, cites strong tokenized equities potential

StoneX has maintained a Buy rating and an $18 price target on tokenization platform Securitize, The Block reported. The financial services firm projects Securitize will generate $72.4 million in revenue this year and said the tokenized equities market could become a major growth driver. StoneX said the global equity market is worth about $169 trillion, while only about 0.002% has been tokenized on-chain, indicating substantial room for expansion.