Tokenized Assets to Redefine Markets by 2030
Key Summary
Citi projects a $5.5 trillion tokenized assets market by 2030, driven by retail investors and stablecoins. The bank's base-case scenario assumes 10% of US Treasury-bill market and 3% of US public-equity market will be tokenized by 2030.
Tokenization 2030: Wall Street On-Chain
Citi thinks Wall Street is about to move a lot of its furniture on-chain.
The Numbers Behind the Forecast
Citi offers three scenarios, depending on how fast adoption moves. The bear case lands at $2.7 trillion, the base case at $5.5 trillion, and the bull case at $8.2 trillion.
Stablecoins as the On-Chain Cash Register
Citi expects the stablecoin market to reach $1.9 trillion by 2030.
The Plumbing is Already Being Installed
The Depository Trust & Clearing Corporation, better known as DTCC, is targeting limited production of tokenized securities in July 2026, with a fuller rollout planned by October 2026.
What This Means for Markets and Investors
For stablecoin issuers, the $1.9 trillion projection reinforces their emerging role as major holders of US government debt, linking crypto growth directly to Treasury market demand.
- \1
Regulatory Enforcement
- \1\1\1
A photo of a stock exchange floor with a close-up of a computer screen displaying a tokenized asset on a trading platform, with a subtle background of a cityscape at dawn.