Securitize edges up after Citizens starts coverage with 'market outperform'
BUZZ-Securitize edges up after Citizens starts coverage with 'market outperform' ** Shares of tokenizing platform Securitize SECZ.N up marginally after Citizens initiates coverage with a "market outperform" rating
** Its $15 PT has a 116.8% upside to the stock's last close
** Brokerage says Securitize's moat lies in the regulated operating system around the security, not the creation of the token
** Adds that a large portion of the growth opportunity already sits inside relationships SECZ has won — it operates live products for BlackRock, Apollo, Hamilton Lane, KKR, VanEck, BNY among others
** Securitize provides regulated infrastructure for tokenized securities, supporting issuance, investor-onboarding, transfer agency, fund administration, distribution, etc
** Including session's move, stock up about 100% YTD
(Reporting by Pragyan Kalita in Bengaluru)
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