Citi Predicts Tokenized Securities Market Will Reach $5.5 Trillion by 2030

Citigroup forecasts the tokenized securities market will grow from $17 billion as of June 1, 2026 to $5.5 trillion by 2030. Stablecoin growth could create $1 trillion in new demand for U.S. government bonds by 2030. The Senate Banking Committee approved the Clarity Act with a 15-9 bipartisan vote on May 14, 2026. Depository Trust & Clearing Corporation limited production trades in July 2026.

Tokenized securities market forecast

• ▪The global market for tokenized securities sits at $17 billion as of June 1, 2026.
• ▪Citi's low-end estimate for the tokenized securities market by 2030 is $2.7 trillion.
• ▪Citi forecasts the global market for tokenized securities will reach $5.5 trillion by 2030 in its base case scenario.
• ▪Citi shared its Tokenization 2030: Wall Street On-Chain report with CoinDesk ahead of Proof of Talk in Paris.

Traditional financial infrastructure adoption

• ▪Nasdaq is working on a framework for companies to issue blockchain-based shares with a potential launch as early as 2027.
• ▪Nasdaq received regulatory approval to allow certain stocks to be issued and traded in digital onchain form.
• ▪Structural Orchestrators are big banks and investment firms that control both real assets and digital cash rails used to pay for them.
• ▪Depository Trust & Clearing Corporation announced in early May 2026 that it would start limited production trades of tokenized securities in July 2026.
• ▪Depository Trust & Clearing Corporation plans a broader launch of its tokenized securities platform in October 2026.

Stablecoin growth projections

• ▪Stablecoin growth could create about $1 trillion in new demand for U.S. government bonds by 2030.
• ▪Standard stablecoins are expected to grow to a $1.9 trillion market by 2030.
• ▪Companies issuing stablecoins back their digital cash with U.S. government bonds.

Regulatory clarity developments

• ▪The Senate Banking Committee approved the Clarity Act with a 15-9 bipartisan vote on May 14, 2026.
• ▪The Senate Banking Committee ended a four-month stall of the Clarity Act on May 14, 2026.
• ▪The Senate Banking Committee's approval of the Clarity Act advanced the legislation to a full U.S. Senate vote.

Market composition expectations

• ▪Citi assumes 10% of the U.S. Treasury bill market will be tokenized by 2030.
• ▪Private credit is expected to reach $100 billion globally by 2030 in tokenized form.
• ▪If 10% of everyday U.S. investors switch to digital trading platforms, it would create $2.6 trillion in demand for digital stocks.

Transition implementation challenges

• ▪Citi compares the tokenization transition to how highways adopted electronic toll tags like E-ZPass, with parallel lanes for both cash and automated drivers during the transition period.
• ▪Old and new financial systems will have to run side by side during the transition to tokenized securities.

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