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Citi has downgraded its rating on tokenization platform Securitize (SECZ) to Neutral from Buy, while raising its price target to $14 from $10.
Pete Christiansen, Citi’s director of digital asset equity research, told CoinDesk tokenization is expected to spread across areas including stocks and bonds, but it remains unclear how much Securitize will be able to charge for that. Christiansen also pointed to key concerns including elevated investor expectations following the recent rise in Securitize shares, supply issues, and monetization.