StoneX Keeps Buy on Securitize, Sees 111% Upside as Tokenization Revenue Rebounds

The signal here is less the rating itself than the fact that a mainstream brokerage is publishing a formal bull case on a tokenization platform at all, treating tokenized equities and structured credit as legitimate growth lines rather than a niche experiment. That framing matters most for the tokenization infrastructure layer, where Securitize sits, and for the issuers weighing whether to build on it. The open question is whether the revenue rebound StoneX cites is durable or a one-off, since the call rests on that recovery continuing across fund demand and structured credit.