Rosenblatt initiated coverage on Securitize Corp (NYSE:SECZ) with a buy rating and a price target of $14.00 on Wednesday.
The firm said technology has transformed almost every part of financial services, but legal ownership of most financial assets remains trapped within analog rails including paper, PDFs, and siloed ledgers from legacy providers that profit from friction and opacity. Tokenization of real world assets upgrades ownership to the digital era, providing true control that enables direct 24/7 transfer without an intermediary, instant on-chain dividends, native fractional shares, and streamlined DeFi collateral.
Rosenblatt noted that only approximately $33 billion of real world assets are tokenized today versus an addressable market of approximately $40 trillion. The firm said doubts exist about the speed of adoption and whether tokenization offers enough incentives for both issuers and investors.
