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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