‘One basis point’: Benchmark says a fraction of NYSE’s $44 trillion market could drive Securitize growth

Benchmark expanded on its bull case for Securitize in a follow-up note to its initial coverage of the tokenization firm on Friday.

In the report, analyst Mark Palmer pointed to the roughly $44 trillion market cap of NYSE-listed companies, saying that capturing “just one basis point” of that would translate into growth that would more than double Securitize’s current roughly $4 billion in assets on its platform.

Securitize is set to go public through a merger with Cantor Equity Partners II and is expected to trade under the ticker SECZ.

Benchmark sees Securitize becoming more than just a tokenization platform, citing its “unusually comprehensive regulatory stack” across broker-dealer, transfer agent, and trading functions. The firm set a $16 price target for SECZ.4

This could allow Securitize to rake in fees across the lifecycle of tokenized securities, including issuance, secondary trading and servicing.

The firm is already slated to serve as a digital transfer agent for NYSE’s planned tokenized securities platform that will allow 24/7 trading.

The report also pointed to integrations between tokenized assets and decentralized finance infrastructure as a potential driver.

Securitize has worked with asset managers including BlackRock, whose tokenized Treasury fund BUIDL, the largest institutional-grade tokenized fund on public blockchains, has grown to just under $3 billion in assets as of early April. That’s a roughly 60% jump from last year’s $1.8 billion, according to The Block’s real-world asset data.

Benchmark noted that tokenized asset trading is still in its early stages. 

Palmer closed out the report by flagging risks like “regulatory uncertainty, liquidity impact of market fragmentation and operational and technological risks,” that could weigh on its potential valuation.

Benchmark reiterated its SECZ price target of $16.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 

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