Citi forecasts the tokenization market could reach $5.5 trillion by 2030, significantly up from its current $17 billion value, driven by blockchain adoption.
Citi analysts estimate that the tokenized securities market could soar to $5.5 trillion by 2030, as outlined in their report Tokenization 2030: Wall Street On-Chain. Currently, this market is valued at about $17 billion.
The bank suggests a potential growth range between $2.7 trillion and $8.2 trillion based on varying adoption rates. They foresee that by 2030, approximately 10% of U.S. short-term Treasury securities and 3% of the public equity market might embrace blockchain technology. Additionally, Citi projects that stablecoins could drive up demand for U.S. government bonds by up to $1 trillion.
Previously, Citi had more conservative estimates, predicting a $4 trillion potential for tokenized assets in private markets in their earlier report Money, Tokens, and Games.
Analysts also believe that the market for tokenized stocks could hit between $4 trillion and $5 trillion, with trade financing and collateral transactions estimated at around $1 trillion. Citi is actively testing this market; it launched a pilot program in November 2024 in partnership with Fidelity International, which featured a tokenized money market fund and a digital currency swap.
In earlier projections, Citi anticipated that this market segment might reach $400 billion by 2030. Regulatory efforts in the U.S. for trading tokenized securities are also underway, as confirmed in a May report showing a record $8 billion market capitalization for tokenized U.S. government bonds on Ethereum.
