Tokenization of Real-World Assets Will Hit $5.5 Trillion by 2030, Citi Says

The market for tokenized securities could expand to as much as $5.5 trillion by 2030, according to a new forecast from Citi, as financial institutions increasingly explore blockchain-based versions of traditional assets.

According to the banking giant’s new Tokenization 2030: Wall Street On-Chain report, the global market for tokenized securities currently stands at around $17 billion.

However, as more Wall Street giants move real-world investments onto on-chain rails, the bank anticipates that the figure will climb rapidly, from a modest $2.7 trillion forecast to a more confident $8.2 trillion, depending on how quickly the market adopts tokenization solutions.

The report also suggests that as much as 10% of the US Treasury bill market could be tokenized by 2030, with stablecoin growth potentially generating around $1 trillion in new demand for US Treasuries. If just 10% of casual investors in the US moved their stock to digital trading platforms, the report added, it could create $2.6 trillion worth of demand for digital stocks.

Citi expects fixed income products, private market assets, and trade finance instruments to be among the largest areas of growth over the coming years. The bank noted that clearer regulatory frameworks and advances in digital asset infrastructure are helping to address barriers that previously limited adoption.

The forecast signals that major banks are recognizing the increasing convergence of digital asset technology and mainstream financial markets. Citi added that the next phase of growth will depend on regulatory certainty, interoperability between platforms, and broader institutional participation across global markets.