★Benchmark initiates coverage on Securitize, calls it a ‘picks and shovels’ play for tokenization
"Benchmark's coverage highlights growing institutional interest in the foundational infrastructure enabling asset tokenization. This 'picks and shovels' validation signals potential capital reallocation towards core digital asset market structure plays, anticipating significant future growth in tokenized securities and real-world assets. Such developments are critical for understanding evolving capital flow mechanisms and market expansion beyond pure-play cryptocurrencies."
The Big Coin Report Take
Benchmark sees Securitize as the latest "picks and shovels" bet in the tokenization space, linking its revenue directly to the industry's eventual, or perhaps inevitable, growth. Another firm is now bullish on the infrastructure play, suggesting the real money is still in selling tools, not necessarily the assets themselves.
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