StoneX has raised its price target for Securitize (NYSE: SECZ) by 50% to $18 from $12, maintaining a Buy rating as the tokenization company expands into operating blockchain-based securities markets.
The revised target follows the launch of Securitize Stocks, while shares traded around $13.83 in premarket trading on October 12, leaving them approximately 30% below the analyst’s target. The upgrade reflects expectations that SECZ could capture more value from trading infrastructure rather than relying primarily on tokenization services.
StoneX Sees Securitize Evolving Beyond Tokenization Services
StoneX raised its target after Securitize launched a platform for trading tokenized U.S. stocks on the Solana blockchain, according to Investing.com’s report on the analyst update. The analyst said the company had “evolved into a market operator” but was “still being valued as a tokenization vendor.” The assessment suggests StoneX believes investors may be underestimating the potential of SECZ’s expanding role in securities trading.
A market operator can potentially earn revenue from services beyond issuing tokenized assets, including trading, brokerage and post-trade infrastructure.
That could broaden SECZ’s business model if transaction activity grows and the company attracts more issuers and investors. However, the $18 target remains an analyst estimate rather than a guaranteed future share price, and its assumptions depend on execution and market adoption.
Also Read: Securitize Tokenized Stocks Launch on Solana as Shares Rise 10%
Securitize Stocks Brings 12 U.S. Equities Onchain
Securitize announced its tokenized stock trading platform on October 8, offering blockchain-based exposure to 12 major U.S. companies, including Apple, Nvidia, Microsoft and Tesla.
According to Reuters’ report on the launch, the platform operates through SECZ’s regulated broker-dealer and uses Solana infrastructure. The launch brings tokenized equities to eligible U.S. investors, extending a market that had previously focused heavily on access outside the United States.
The company says its tokenized stocks are backed by the underlying shares and provide associated economic and shareholder rights. This distinction matters because tokenized securities are not necessarily the same as synthetic tokens that simply track stock prices. Investor eligibility, custody, trading arrangements and applicable securities rules remain important, so wider blockchain access does not remove traditional regulatory obligations.
Securitize Financial Results Show Growth and Profitability Challenges
Securitize’s latest reported financial results provide important context for StoneX’s valuation outlook. In its second-quarter 2026 earnings release filed with the SEC, the company reported $4.3 billion in tokenized assets under management, up 16% year over year, and $5.3 billion in aggregate transaction volume, an increase of 147%. However, quarterly revenue declined 5% to $14.4 million, while the company recorded a net loss of $21.7 million.
These figures highlight the difference between growing platform activity and improving profitability. Higher transaction volumes could support SECZ’s transition toward market operations, but revenue growth and cost management will determine whether that expansion creates sustainable earnings. Investors will therefore look for evidence that its newer trading services generate additional revenue rather than simply increasing operating expenses.
Regulatory Approvals Could Support Securitize’s Market Expansion
Securitize’s regulated infrastructure is another factor behind its potential valuation as a market operator. The company reported that its broker-dealer received expanded capabilities from the Financial Industry Regulatory Authority (FINRA), including permission to custody tokenized securities and support settlement between tokenized securities and stablecoins. It has also partnered with Computershare and Continental Stock Transfer & Trust to develop issuer-sponsored tokenized shares.
The broader opportunity depends on whether regulators and market participants allow blockchain-based securities to integrate more deeply with established financial markets.
SECZ has said it expects its tokenized stocks to become available through additional trading venues, including a planned New York Stock Exchange platform. For shareholders, the key question is whether these developments translate into recurring revenue, wider adoption and improved profitability, supporting the higher valuation proposed by StoneX.
Also Read: Securitize Launches 12 Tokenized U.S. Stocks Trading on Solana
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