Securitize Corp. (NYSE:SECZ) shares jumped as investors digested favorable regulatory developments and Cantor Fitzgerald initiated coverage of the stock on September 21, giving it an Overweight rating and setting the price target at $21.20. The firm highlighted the company's position in the tokenization of traditional financial assets, which appears to be at an early stage of adoption. READ ALSO: KeyBanc Raises AppFolio (APPF) Price Target: What Investors Need to Know and Nokia (NOK) Gets a Buy Rating, But Q2 Operating Loss Raises Questions. According to Cantor Fitzgerald, traditional financial assets are worth approximately $319 trillion worldwide, while only about $39 billion currently exists onchain. This represents just 0.01% of the total market.
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