Broadridge Financial Solutions (BR) is seeing interest in tokenized private and alternative assets, presenting opportunities to offer new products to an expanded investor base, RBC Capital Markets analysts said in a Sunday note.

Analysts said the development of infrastructure and the broader ecosystem necessary for tokenized assets is still in the early stages, but note that "the genie is out of the bottle."

There is genuine product-market fit rather than experimentation in three areas: stablecoins, tokenized money market funds, and collateral mobility, RBC said.

Analysts said that while stablecoins and tokenized money market funds are generally understood, collateral mobility brings transparency, efficiency, and speed to move collateral.

RBC has an outperform rating and a $200 price target on the stock.

Price: 134.85, Change: -2.75, Percent Change: -2.00