Cantor Fitzgerald opened coverage on Securitize at overweight and set a $21.20 price target, implying 95% upside from Friday’s close of $10.86. The firm said the company, which turns stocks and funds into blockchain tokens, sits near the start of a long runway as tokenization expands, according to BeInCrypto, with analyst Gareth Gacetta calling it a broad overhaul of financial infrastructure.

The SEC’s temporary order on Thursday for select venues to issue tokenized representations of publicly traded US equities helped lift the stock 14% before Cantor’s note. Securitize closed Monday at $13.50 and traded near $13.96 after hours.