Key Takeaways
- Investment firm Benchmark starts coverage on Cantor Equity Partners II (CEPT) with bullish Buy rating and sets $16 price objective.
- The SPAC is preparing to complete a merger with Securitize, a tokenization platform valued at $1.25 billion.
- Securitize commands approximately 70% market share in U.S. tokenization and manages BlackRock’s $2.2B BUIDL fund.
- Securitize and the New York Stock Exchange unveiled plans for a joint tokenized securities platform offering 24/7 trading capabilities.
- Analyst estimates the addressable market for real-world asset tokenization at $300 trillion globally.
CEPT was trading around $11 at the time of writing.
Cantor Equity Partners II, Inc. Class A Ordinary Share, CEPT
Investment banking firm Benchmark has launched coverage of Cantor Equity Partners II with a bullish outlook, highlighting the upcoming combination with Miami-headquartered tokenization specialist Securitize as a significant growth driver. Research analyst Mark Palmer established a $16 price objective, which assumes Securitize will achieve $178 million in annual revenue by late 2026.
Securitize provides a comprehensive platform for converting traditional real-world assets — including equities, fixed income securities, and investment funds — into blockchain-based digital tokens. Benchmark characterizes the company as an attractive “pure-play investment opportunity in the tokenization sector.”
The business combination between CEPT and Securitize was publicly disclosed in October 2024, establishing a $1.25 billion enterprise valuation for Securitize. Following transaction completion, the merged entity will trade on the Nasdaq exchange under the new ticker symbol SECZ.
Palmer highlighted robust revenue predictability for Securitize, noting that origination fees charged to companies tokenizing assets plus ongoing servicing income provide dependable cash flow. The analyst emphasized that Securitize’s platform-agnostic approach across multiple industries represents a strategic advantage.
“Securitize is really focused on providing the process behind tokenization, from origination through servicing, in a way that’s applicable to a breadth of industry verticals,” Palmer said.
Strategic Partnerships with BlackRock and NYSE Strengthen Market Position
Securitize currently operates BlackRock’s BUIDL fund, which stands as the industry’s largest tokenized money-market product at $2.2 billion in assets under management, deployed across eight blockchain networks including Ethereum and Solana. BlackRock previously spearheaded a $47 million strategic investment round in Securitize, creating what Benchmark identifies as a meaningful competitive moat.
Just last week, Securitize and the New York Stock Exchange revealed a strategic collaboration to develop a dedicated platform for tokenized securities that will enable continuous trading around the clock. This partnership positions Securitize as a central player in modernizing American capital markets infrastructure aligned with the SEC’s “Project Crypto” regulatory framework.
Benchmark analyst Palmer contends that Securitize’s technology stack offers distinct advantages over rivals by eliminating reliance on traditional clearing systems like the DTCC. This differentiates the company from competitors such as Figure Technologies, which completed its Nasdaq listing in September 2025 with a narrower focus on tokenized home equity credit products.
Massive $300 Trillion Market Opportunity
Benchmark calculates Securitize’s total addressable market at approximately $300 trillion — representing the aggregate value of real-world assets worldwide. Since the platform works across diverse asset classes and industries, Palmer noted the company faces no artificial ceiling from vertical-specific limitations.
“The concept here really is better and faster across the board,” Palmer told Decrypt. “It’s just a matter of time before the market begins to recognize the benefits both in terms of efficiency and settlement times.”
According to Benchmark’s research, Securitize maintains roughly 70% control of the tokenization market in the United States. This dominant market position, coupled with prestigious institutional partnerships, should enable the company to expand its competitive advantage as adoption accelerates.
CEPT shares were changing hands near $11 when Benchmark released its research report, representing significant discount to the analyst’s $16 price target.
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