Securitize Controls 70% of US Tokenization, and Benchmark Just Told Its Clients to Buy Now
One company quietly cornered 70% of the US tokenized asset market, landed BlackRock as a partner, and almost nobody in crypto was talking about it, until today.
Benchmark just initiated coverage on Securitize with a Buy rating and a $16 price target, sending the stock surging and pulling institutional eyes toward one of the most dominant, under-the-radar players in the real-world asset (RWA) tokenization space.
Why This Call Matters Beyond the Stock Price
Benchmark did not pick a random fintech. Securitize is the infrastructure powering BlackRock's BUIDL fund, the tokenized treasury product that became the largest on-chain institutional fund almost immediately after launch. When the world's largest asset manager needs a tokenization platform, it calls Securitize.
That relationship alone signals something most retail traders are missing: the tokenization race is not still being decided. It may already be over. Securitize built the rails, signed the biggest client in finance, and captured the majority of the domestic market while crypto Twitter was debating memecoins.
The Numbers That Should Grab Your Attention
A 70% market share in any emerging financial infrastructure category would be a headline. In tokenization, a sector that analysts widely project to reach trillions in value over the next decade, it is a potential moat that few competitors can realistically close. Benchmark's $16 target implies significant upside from current levels, and the initiation itself acts as a signal to institutional allocators who follow Benchmark's coverage universe.
The BUIDL connection deepens the thesis. BlackRock does not distribute operational risk lightly. Choosing Securitize as the backbone for BUIDL is a de facto endorsement that carries more weight than any analyst note.
What the Tokenization Surge Means for Crypto Holders
This is not just a stock story. The acceleration of institutional tokenization infrastructure directly feeds on-chain activity. More tokenized assets mean more demand for blockchain settlement layers, with Ethereum currently capturing the largest share of that volume.
If Securitize continues scaling, the downstream effects land on Ethereum's fee markets and validator economics, making this a signal worth tracking even if you have zero interest in holding SCRT stock.
What to watch: Monitor BUIDL's on-chain AUM growth as a leading indicator of Securitize platform volume. If tokenized fund inflows keep accelerating through Q3, the Benchmark thesis gets stronger by the week. Ethereum holders especially should treat this as confirmation that institutional RWA demand is not slowing down.