Overview
- Citi’s Tokenization 2030 report published June 1 projects the tokenized securities market will grow from about $17 billion today to a $5.5 trillion base case by 2030, with a range of $2.7 trillion to $8.2 trillion.
- Market infrastructure firms are moving from pilots to production with the DTCC planning limited tokenized trades in July and a broader rollout in October and Nasdaq and ICE developing on‑chain share frameworks.
- Citi forecasts standard stablecoins could reach about $1.9 trillion by 2030 and says stablecoin reserve practices could create roughly $1 trillion of new demand for on‑chain U.S. Treasury bills.
- The market remains small now and growth depends on resolving custody, legal title, pricing feeds, and plumbing so legacy and on‑chain systems are likely to run in parallel for years.
- Citi expects growth to concentrate in tradable public markets with private credit and private equity each near $100 billion by 2030, and it warns large banks that control assets and payment rails will gain structural advantages.