Citi Projects $5.5T Tokenized Market by 2030, Treasury Bills and Stablecoins to Lead

Citi projects in its 'Tokenization 2030: Wall Street On-Chain' report that tokenized securities could grow from $17 billion currently to $5.5 trillion by 2030, with a range between $2.7 trillion and $8.2 trillion depending on adoption speed.

The bank forecasts Treasury bills to represent the largest early market, with 10% of the U.S. Treasury bill market potentially tokenized by 2030. Continued stablecoin growth could create roughly $1 trillion in new Treasury demand. Citi also projects about 3% of the U.S. public equity market to move into tokenized form by 2030. Stablecoins are expected to serve as the cash settlement layer enabling seamless transactions between tokenized securities, funds, and Treasury products onchain.