Citi said the tokenized securities market could grow to $5.5 trillion by 2030 as Wall Street moves more assets onto blockchain rails.
Summary
- Citi sees tokenized securities growing from $17 billion today to $5.5 trillion by 2030 globally.
- The bank expects tokenized Treasury bills and digital stocks to drive major on-chain demand ahead.
- RWA growth shows Treasuries and institutional tokenization are already gaining strong market traction.
Citi sets $5.5 trillion tokenization forecast
Citi made the forecast in its Tokenization 2030: Wall Street On-Chain report. The bank said the real-world asset tokenization market stands near $17 billion.
The bank’s base case sees the market growing to $5.5 trillion by 2030. Citi also gave a lower estimate of $2.7 trillion and a higher estimate of $8.2 trillion, depending on how fast adoption moves.
The forecast covers securities and real-world assets that can move on-chain. These include Treasury bills, stocks, funds, and other financial products.
Citi’s estimate adds to a growing set of Wall Street forecasts around tokenization. Banks and asset managers now view blockchain rails as a way to improve settlement, trading hours, and asset access.
Treasuries and stocks lead the estimate
Citi expects 10% of the U.S. Treasury bill market to become tokenized by 2030. The bank also expects 3% of the U.S. public stock market to move into tokenized form.
The Treasury bill forecast matters because stablecoins already hold large reserves in short-term U.S. debt. Citi said stablecoin growth may create about $1 trillion in new demand for U.S. Treasuries.
The stock market estimate also carries a large number. Citi said a 10% shift by everyday U.S. investors to digital trading platforms may create $2.6 trillion in demand for digital stocks.
These forecasts show how tokenization may move beyond crypto-native assets. The focus is now shifting toward traditional markets that already hold large pools of capital.
Stablecoins support on-chain settlement
Stablecoins remain central to the tokenization story. They provide a digital cash layer that can settle trades faster than many legacy systems.
Citi has also linked tokenized deposits and stablecoins to always-on finance. “Tokenization is reshaping financial services,” Ryan Rugg, Citi’s global head of digital assets for Treasury and Trade Solutions, said in an earlier Citi discussion.
Stablecoins can support settlement for tokenized securities, funds, and Treasury products. This gives investors a way to move between cash and on-chain assets without waiting for traditional market hours.
The model still needs strong compliance, custody, and market structure. Tokenized securities must connect with legal ownership records, not only mirror the price of traditional assets.
RWA market growth adds wider context
As previously reported by crypto.news, tokenized real-world assets have grown sharply in 2026. Recent market estimates placed the sector near $31 billion to $34 billion, excluding stablecoins.
The same reporting thread noted that tokenized Treasuries remain one of the largest RWA categories. Ethereum still hosts a large share of the market, led by products from major asset managers and tokenization firms.
Separately, Standard Chartered forecast that tokenized assets could reach $4 trillion by the end of 2028. That projection split the amount between stablecoins and real-world assets.
Citi’s latest estimate points to a longer 2030 target. It places tokenized securities at the center of Wall Street’s digital asset plans, with Treasury bills, public stocks, and stablecoin settlement as the main drivers.
