Tokenized Assets Could Top $5.5T by 2030, Citi Says

• Citi projects tokenized assets to surge from $17 billion to $5.5 trillion by 2030
• Wall Street’s move to blockchain and stablecoin growth drive global adoption

Citigroup forecasts the tokenized assets market will soar to $5.5 trillion by 2030, fueled by a wave of institutional adoption as leading financial firms shift stocks and treasury assets onto blockchain.

Citigroup’s latest analysis signals a pivotal transformation in capital markets, as major players like DTCC, Nasdaq, and Intercontinental Exchange (ICE) begin migrating traditional financial instruments to blockchain. DTCC has announced its first production trades in tokenized securities will start in July 2026, with a comprehensive launch set for October. More than 50 financial industry partners—including BlackRock, Goldman Sachs, J.P. Morgan, Morgan Stanley, and Robinhood—are involved in the rollout.

The report, "Tokenization 2030: Wall Street On-Chain," links the anticipated market expansion to the rising adoption of blockchain-linked stablecoins. Citi estimates the stablecoin sector will reach $1.9 trillion by 2030, as issuers increasingly hold U.S. Treasuries as reserves. This trend could create as much as $1 trillion in new demand for on-chain government debt, positioning stablecoins as a main catalyst for tokenized securities growth.

By decade’s end, Citi anticipates up to 10% of U.S. short-term Treasuries and 3% of all listed equities could exist as blockchain tokens. If just a tenth of retail investors move to digital investing, demand for tokenized stocks may reach $2.6 trillion. The focus remains on public assets and proven infrastructure, a marked shift from previous cycles of “tokenization hype.”

Regulatory standards and frameworks have also advanced, supporting compliant asset tokenization at scale. Citi expects traditional and digital finance platforms to run in tandem, with banks and asset managers bridging the gap for an advantage as new capital and liquidity flows emerge.

The bank notes several market and macroeconomic implications. The potential $5.5 trillion of tokenized assets, combined with an expected $2 trillion stablecoin market, signals swift integration of blockchain and traditional finance. Established players are positioned to benefit by operating across both venues. For global investors—even in emerging markets—blockchain tokenization could make U.S. assets more accessible, sidestepping conventional barriers like brokerage restrictions and capital controls.

As of June 1, 2026, stablecoins such as USDT, PYUSD, USDC, and DAI continue to trade closely around their $1.00 pegs, reflecting the growing demand for reliable on-chain transaction tools. This price stability underlines the role of stablecoins as key infrastructure assets supporting the expanding market for tokenized securities.