Citi Projects Tokenized Securities Market to Reach $5.5 Trillion by 2030

Citi has projected that the global market for tokenized real world assets could expand from around $17 billion today to as much as $5.5 trillion by 2030, with estimates ranging from $2.7 trillion in a conservative case to $8.2 trillion in a bullish scenario. The forecast highlights accelerating adoption of blockchain-based financial infrastructure across traditional markets.

The report explains that tokenization placing assets like bonds and stocks on blockchain networks is moving beyond early testing into mainstream financial systems. Major infrastructure operators including DTCC, Nasdaq, and the owner of the New York Stock Exchange are already integrating tokenized settlement models into their trading frameworks.

Stablecoins and regulation support trillion-dollar demand shift

Citi estimates that stablecoins alone could help generate up to $1 trillion in demand for U.S. Treasury bills by 2030, as issuers back digital currencies with government debt. Tokenized stocks could add roughly $2.6 trillion in demand if adoption among retail investors reaches 10%.

The report also points to improving regulatory clarity in the U.S. as a key driver, with new legislative progress supporting digital asset markets. Citi expects tokenization growth to focus mainly on public markets such as U.S. Treasuries and equities, while private markets will remain comparatively smaller.

According to Citi, the transition will take place gradually, with traditional and digital systems operating in parallel before full migration occurs over time.