Tldr:
- Citi expects the tokenized securities market to grow from $17 billion today to $5.5 trillion by 2030.
- DTCC plans to launch tokenized securities trading in July, with the full platform launching in October 2025.
- The growth of stablecoins could generate up to $1 trillion in new demand for US Treasuries by 2030.
- A 10% shift by US retail investors to digital platforms could create $2.6 trillion in demand for tokenized stocks.
Tokenized securities could reshape global finance over the next four years, according to a new report from Citi. Bank Coding 2030: Wall Street on Chain The study predicts real-world asset tokenization will grow from $17 billion today to $5.5 trillion by 2030.
Estimates range from $2.7 trillion at the low end to $8.2 trillion in the bullish scenario. There are three structural forces driving this transformation across public markets around the world.
The main market infrastructure is moving towards cross-chain trading
traditional Financial institutions It integrates coding directly into the underlying trading systems. The Depository Trust & Clearing Corporation has announced limited production runs of tokenized securities starting in July, with a full platform launching in October.
Nasdaq is building a blockchain-based equity issuance framework, targeting a potential launch as early as 2027.
The InterContinental Exchange, which owns the New York Stock Exchange, also has token stock plans in development.
Nasdaq has already received regulatory approval to issue and trade some stocks digitally on-chain.
These are not pilot programs, but rather represent structural integration at the highest level of market infrastructure.
Seti depicts this moment in straightforward terms: “when DTCC The New York Stock Exchange is incorporating tokenization into the capital markets, and this represents a turning point.”
The full weight of US financial power is moving up the chain on a massive scale. This has real consequences for how capital markets operate in the future.
But the transformation will not happen overnight. The old and new systems will run in parallel for years, just like toll roads created separate lanes for cash and electronic cards before full automation arrived.
Stablecoins and regulations add fuel to market growth
Growth of stablecoins Provides the settlement infrastructure needed by token markets. Standard stablecoins are expected to reach a $1.9 trillion market by 2030, working alongside digital bank deposits. This allows assets and cash to be settled at exactly the same moment on-chain.
Citi expects that the expansion of stablecoins alone could generate nearly $1 trillion in new demand for US Treasuries. Stablecoin issuers back their digital funds with real government bonds, creating a direct link between cryptocurrency infrastructure and sovereign debt markets. This connection is now expanding rapidly.
On the regulatory front, the American Clarity Act advanced through the Senate Banking Committee on May 14 on a bipartisan 15-9 vote.
Clearer rules reduce frictions that might inhibit institutional adoption and give large companies the confidence to commit capital. This momentum is reflected in Citi’s forecast numbers.
City You expect tokenization to focus on public markets rather than private markets. Private credit and private equity are expected to reach $100 billion alone globally by 2030.
Meanwhile, 10% of US Treasuries and 3% of US common stocks are expected to be tokenized. A 10% shift by average American investors to digital platforms alone could generate $2.6 trillion in demand for tokenized stocks.
