Securitize stock could nearly double over the next year, according to Cantor Fitzgerald. The firm set a $21.20 price target, marking a 95% upside from Friday’s close of $10.86.

Cantor opened coverage on Monday at an overweight rating, putting a Wall Street number on a company that turns stocks and funds into blockchain tokens.

A $39 Billion Start in a $319 Trillion Market

Analyst Gareth Gacetta placed Securitize near the start of a long runway. Cantor estimates roughly $39 billion in assets are sitting onchain today, equal to 0.01% of the $319 trillion held in traditional financial assets. 

“Tokenization is the largest overhaul financial infrastructure has seen over the past century, and Securitize is the public company covering most of that lifecycle, issuing, registering, custodying, distributing, and enabling trading of the asset under a single roof,” Gacetta said.

Gacetta added that if the world goes onchain, a large share of it goes onchain through Securitize. Independent data supports the position, if not yet the scale.

RWA.xyz ranks Securitize as the largest tokenization platform by distributed asset value at $4.64 billion, ahead of Ondo’s $3.63 billion.

The tracker counts 1,877 holders across 26 tokenized assets, while monthly transfer volume reached $1.12 billion, up 178% from a month earlier.

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The Rally Started With a Rule Change

Cantor’s note landed on a stock already moving. The Securities and Exchange Commission (SEC) announced a temporary order on Thursday. The regulator has drawn a path for select venues to issue tokenized representations of publicly traded US equities.

The ruling had already lifted the shares 14%. Monday’s initiation added to that momentum. The stock closed at $13.50, a gain of about 24% on the day, and traded near $13.96 after hours.

The rally also ate into the call itself. Measured from Monday’s close rather than Friday’s, $21.20 implies roughly 57% upside. Securitize is up 19.89% so far this year, with substantial ground covered in the past four sessions.

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Source: BeInCrypto