Citi Sees Tokenized Securities Reaching $5.5 Trillion by 2030 as Stablecoins Drive $1 Trillion Treasury Demand
Updated
Updated · CoinDesk · Jun 1
Citi Sees Tokenized Securities Reaching $5.5 Trillion by 2030 as Stablecoins Drive $1 Trillion Treasury Demand
3 articles · Updated · CoinDesk · Jun 1
$17 billion today could swell to $5.5 trillion by 2030 in Citi’s base case for tokenized securities, with outcomes ranging from $2.7 trillion to $8.2 trillion depending on adoption speed.
Citi ties that growth to three drivers: DTCC, Nasdaq and NYSE owner ICE embedding tokenization into market plumbing, stablecoins enabling instant on-chain settlement, and clearer U.S. digital-asset rules.
Stablecoins alone could create about $1 trillion of demand for on-chain U.S. Treasury bills by 2030, while a 10% shift by everyday U.S. investors to digital platforms could generate $2.6 trillion in tokenized stock demand.
The bank expects the biggest gains in mainstream public markets rather than private assets, assuming 10% of the U.S. Treasury-bill market and 3% of the public stock market become tokenized.
Legacy and digital systems are likely to coexist for years, Citi said, favoring large firms that control both the underlying assets and the payment rails needed to settle trades.
As U.S. assets are tokenized on global blockchains, will this reinforce the dollar's dominance or create new vulnerabilities?
With Wall Street giants poised to dominate tokenization, can smaller financial firms survive in this new $5.5 trillion market?
Could 24/7 trading and instant settlement of tokenized assets introduce unforeseen risks to global financial stability?
Citi’s Bold $1.9 Trillion Stablecoin Projection: The New Era of Tokenized Securities and Digital Money
Overview
Citi's latest report signals a transformative era for digital assets, with bold projections of immense growth, especially in tokenized securities and stablecoin markets. The expansion is expected to reshape global finance, focusing mainly on mainstream public markets like U.S. stocks and government bonds, while private credit and equity will see more modest growth. Stablecoins, typically pegged to the US dollar, are rapidly expanding and being adopted for crypto trading, e-commerce, and by offshore households. This surge is reflected in their market capitalization, which has climbed from $200 billion to $280 billion this year, highlighting their growing impact.