Wall Street’s Tokenization Drive Poised to Unlock $5.5T Market by 2030

Citi's latest analysis projects explosive growth for tokenized assets, forecasting a leap from today's $17 billion to a potential $5.5 trillion market by 2030. The bank's Tokenization 2030 report outlines a base case scenario with upside potential reaching $8.2 trillion, contingent on institutional adoption.

Market infrastructure giants are already laying the groundwork. DTCC plans pilot trades for tokenized securities this July, with full production slated for October. Nasdaq is developing a blockchain equity framework targeting 2027 implementation, while Intercontinental Exchange advances tokenized equity solutions.

Public markets are emerging as the primary growth vector, with tokenized Treasury bills and equities likely leading adoption. Stablecoins could play a pivotal role, with Citi anticipating $1.9 trillion in value facilitating faster settlements. The report suggests traditional financial institutions may consolidate advantage by controlling both assets and payment rails.