Key Takeaways
- Investment bank Benchmark launches coverage on Cantor Equity Partners II (CEPT) with a Buy recommendation and $16 price objective.
- The special purpose acquisition company plans to combine with digital asset tokenization platform Securitize in a deal valuing the target at $1.25 billion.
- The Miami-based tokenization firm commands approximately 70% market share in the United States and manages BlackRock’s $2.2 billion BUIDL tokenized fund.
- Securitize and the New York Stock Exchange unveiled plans for a collaborative platform enabling tokenized securities trading 24 hours daily.
- The analyst firm estimates Securitize’s potential market opportunity at $300 trillion in global real-world assets.
CEPT was trading around $11 at the time of writing.
Cantor Equity Partners II, Inc. Class A Ordinary Share, CEPT
Benchmark has launched research coverage on Cantor Equity Partners II with a Buy recommendation, highlighting the special purpose acquisition company’s forthcoming combination with tokenization platform Securitize as a significant growth driver. The firm’s analyst Mark Palmer established a $16 price objective, based on projections that Securitize will achieve $178 million in annual revenue by 2026’s conclusion.
Securitize provides comprehensive infrastructure for converting traditional real-world assets—including equities, fixed income securities, and investment funds—into blockchain-based digital tokens. Benchmark characterized the company as representing a “compelling pure-play investment on tokenization.”
The transaction between CEPT and the tokenization platform was disclosed in October 2024, establishing an implied enterprise value of $1.25 billion for Securitize. Following deal completion, the merged entity anticipates trading on the Nasdaq exchange under the symbol SECZ.
According to Palmer, Securitize benefits from predictable revenue generation through origination fees charged to asset issuers and ongoing servicing income streams. The analyst emphasized that the platform’s industry-agnostic approach distinguishes it from narrowly focused competitors.
“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 Relationships with BlackRock and NYSE Strengthen Position
The tokenization firm currently administers BlackRock’s BUIDL fund, representing the industry’s largest tokenized money-market product at $2.2 billion in assets deployed across eight blockchain networks, including Ethereum and Solana. BlackRock previously anchored a $47 million strategic investment round in Securitize, establishing a partnership that Benchmark considers a meaningful competitive edge.
In recent days, Securitize joined forces with the New York Stock Exchange to develop infrastructure for tokenized securities featuring continuous trading capabilities. This collaboration positions Securitize as a central player in modernizing American capital markets infrastructure, aligned with the Securities and Exchange Commission’s “Project Crypto” framework.
Palmer noted that Securitize’s technology architecture differentiates itself by circumventing traditional clearing systems such as the Depository Trust & Clearing Corporation. This approach contrasts with companies like Figure Technologies, which completed a Nasdaq listing in September 2025 while concentrating specifically on tokenized home equity credit products.
Massive Market Opportunity in Asset Tokenization
Benchmark’s analysis identifies a $300 trillion total addressable market for Securitize—representing the estimated aggregate value of real-world assets worldwide. Given the platform’s versatility across multiple asset classes, Palmer indicated growth potential isn’t constrained by any particular sector.
“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% dominance in the American tokenization marketplace. This commanding market position, coupled with institutional partnerships, should enable the company to expand its competitive advantage as digital asset adoption accelerates.
At the time Benchmark released its research report, CEPT shares were changing hands near $11, representing a substantial discount to the analyst’s $16 valuation target.
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