- Citi forecasts the tokenized asset market will grow from $17 billion today to $5.5 trillion by 2030, led by equities and Treasuries.
- Stablecoin supply could reach $1.9 trillion by 2030, supporting settlement efficiency and increasing demand for U.S. Treasury securities.
- Citi identified Chainlink CCIP as a key interoperability standard for connecting tokenized assets across multiple blockchain networks.
Citi released its “Tokenization 2030” report, projecting tokenized assets could reach $5.5 trillion by 2030. The report, presented ahead of the Proof of Talk conference in Paris, identified interoperability as a key requirement for growth and highlighted Chainlink’s CCIP as a standard for connecting tokenized financial systems across multiple blockchains.
Public Markets Drive Growth Forecast
According to Citi, the global tokenized asset market currently stands at about $17 billion. However, the bank projects a base-case expansion to $5.5 trillion by 2030, with estimates ranging between $2.7 trillion and $8.2 trillion.
Notably, Citi expects public market assets to lead adoption. U.S. equities and Treasury securities account for much of the projected growth. The report estimates that tokenized public equities could attract about $2.6 trillion if 10% of U.S. retail investors adopt on-chain investment platforms by 2030.
While public markets dominate the forecast, private assets remain a smaller part of the outlook. Citi projects both private credit and private equity markets to reach around $100 billion each over the same period.
Infrastructure and Stablecoins Support Adoption
As adoption expands, Citi identified several factors supporting growth. The report noted that major infrastructure providers, including the DTCC, NYSE, and Nasdaq, are integrating tokenization into trading, issuance, and settlement systems.
At the same time, regulated digital money continues to develop. Citi projects stablecoin supply could reach $1.9 trillion by 2030. According to the report, that growth could generate roughly $1 trillion in additional demand for short-term U.S. Treasury securities.
Furthermore, Citi described tokenized cash and stablecoins as essential components for delivery-versus-payment settlement. The report stated that regulated settlement assets help reduce settlement risk while improving capital efficiency.
Hybrid Systems Remain Part of the Transition
Although adoption is accelerating, Citi expects traditional and blockchain-based systems to operate together for years. The report described the transition as gradual rather than immediate.
Meanwhile, Citi highlighted interoperability as a critical requirement for scaling tokenized finance. The report pointed to Chainlink CCIP as an interoperability standard connecting tokenized assets across different blockchain networks.
Ronit Ghose, Citi’s global head of Future of Finance, is scheduled to present the findings at the Proof of Talk conference in Paris. The report also identified institutions controlling issuance, distribution, and settlement infrastructure as potential beneficiaries of the evolving tokenized asset market.
