Key Highlights
- Investment bank Benchmark has started coverage on Cantor Equity Partners II (CEPT) with a Buy recommendation and $16 price objective.
- The SPAC is preparing to combine with Securitize, a tokenization platform valued at $1.25 billion in the transaction.
- Securitize commands approximately 70% market share in U.S. tokenization and manages BlackRock’s $2.2 billion BUIDL fund.
- Securitize and the New York Stock Exchange unveiled plans for a collaborative platform supporting tokenized securities with 24/7 trading capabilities.
- The analyst firm estimates Securitize’s potential market opportunity at $300 trillion in global real-world assets.
Shares of CEPT were changing hands near $11 when the analysis was published.
Cantor Equity Partners II, Inc. Class A Ordinary Share, CEPT
Benchmark has launched research coverage on Cantor Equity Partners II with a bullish stance, highlighting the upcoming combination with Florida-based tokenization specialist Securitize as a significant driver. Research analyst Mark Palmer established a $16 price objective, predicated on Securitize achieving $178 million in annual revenues by year-end 2026.
Securitize provides a comprehensive infrastructure for converting real-world assetsâincluding equities, fixed income, and investment fundsâinto digital tokens on blockchain technology. According to Benchmark’s assessment, the company represents a “compelling pure-play investment on tokenization.”
The combination agreement between CEPT and Securitize was unveiled in October 2024, establishing a $1.25 billion enterprise value for Securitize. Upon transaction completion, the merged entity is projected to trade on the Nasdaq exchange with the symbol SECZ.
Palmer highlighted strong revenue predictability for Securitize, emphasizing origination fees collected from entities tokenizing assets alongside recurring servicing income as dependable revenue channels. He noted that the platform’s industry-neutral approach represents a significant competitive edge.
“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 stated.
Strategic Partnerships With BlackRock and NYSE Strengthen 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, a connection that Benchmark considers a meaningful competitive differentiator.
In recent days, Securitize joined forces with the New York Stock Exchange to develop infrastructure for tokenized securities, incorporating round-the-clock trading functionality. This alliance positions Securitize as a central participant in modernizing American capital markets infrastructure, aligned with the SEC’s “Project Crypto” framework.
Benchmark’s Palmer contends that Securitize’s technology stack delivers superior capabilities compared to most rivals by circumventing traditional clearing systems like the DTCC. This architectural approach distinguishes it from competitors such as Figure Technologies, which completed a Nasdaq listing in September 2025 while concentrating specifically on tokenized home equity credit products.
Massive $300 Trillion Market Opportunity
Benchmark calculated Securitize’s potential addressable market at $300 trillionârepresenting the aggregate value of tangible assets worldwide. Given the platform’s sector-agnostic design, Palmer noted the company faces no constraints from dependence on any particular industry segment.
“The concept here really is better and faster across the board,” Palmer explained to 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% of the tokenization market in the United States. This dominant position, coupled with partnerships with blue-chip institutions, is anticipated to enable the company to expand its competitive advantage as adoption accelerates.
CEPT shares were quoted around $11 when Benchmark released its coverage report, representing a notable discount to the analyst’s $16 valuation target.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
