PANews reported on April 1st that, according to The Block, Benchmark has initiated coverage of tokenization platform Securitize with a buy rating and a $16 price target. Analysts likened Securitize to a "shovel seller" in the tokenization space, believing that regardless of the success of any product or issuer, the company will benefit from the trend of putting real-world assets on the blockchain. The report states that tokenization is one of the most profound changes in capital markets since electronic trading, and Securitize is at the heart of this transformation. The report shows that the company already holds approximately 70% of the US tokenization market share, and its clients include BlackRock.

Note: "Shovel seller" is a business metaphor referring to a company or individual that provides essential tools, services, or infrastructure to direct participants in a hot trend or industry, thereby mitigating the risks of direct participation and achieving stable profits.