Citigroup predicts $8 trillion tokenization boom by 2030
The market for tokenized real-world assets has continued expanding rapidly, with Citigroup projecting the sector could reach as much as $8.2 trillion by 2030 under its bullish scenario.
- Citigroup projects the tokenized asset market could reach $5.5 trillion in its base case and as much as $8.2 trillion by 2030.
- Token Terminal data shows tokenized assets have surpassed $43 billion, rising about 37% over the past six months.
- Financial advisors are increasingly focused on tokenization and stablecoins as institutions expand blockchain-based financial products.
According to Citigroup, tokenization is moving beyond experimental programs and into mainstream financial infrastructure as regulatory clarity improves and major market institutions integrate blockchain technology into their operations.
The bank estimates the market could reach $5.5 trillion in its base-case outlook, while stronger adoption could push the figure above $8 trillion before the end of the decade.
Recent on-chain data suggests growth is already accelerating. According to Token Terminal, tokenized assets now account for more than $43 billion in market value, representing an increase of roughly 37% over the past 180 days.
The platform’s estimate exceeds figures reported by , which currently values the market at under $33 billion, a difference likely tied to how each provider classifies tokenized financial products.
Tokenized funds remain the largest category
Data from Token Terminal shows tokenized funds account for nearly 80% of the sector’s total market capitalization. Commodities represent 16.6% of the market, while tokenized stocks contribute about 3.8%.
Network activity remains concentrated on Ethereum, which hosts 57.8% of all tokenized asset value tracked by Token Terminal. BNB Chain follows with 8.5%, while zkSync Era holds 7.5%. XRP Ledger and Stellar account for 5.8% and 5.4%, respectively.
Issuer rankings show Sky holding the largest share of tokenized assets at $6.1 billion. According to Token Terminal, Securitize and Ondo Finance each manage approximately $3.6 billion in tokenized assets.
Institutional interest has continued to build alongside these figures. In a recent memo, Bitwise Chief Investment Officer Matt Hougan said conversations with teams representing more than 40 financial advisors revealed growing interest in tokenization and stablecoins.
Hougan wrote that advisors appeared more focused on practical blockchain applications in payments, markets, and real-world assets than on Bitcoin itself.
Bitwise’s 2026 survey conducted with VettaFi found that 56% of financial advisors personally own crypto, while 42% can purchase crypto on behalf of clients. Hougan noted that advisors collectively oversee more than $175 trillion in assets.
Financial firms are expanding tokenization efforts
Several major institutions have publicly outlined expectations for continued growth in the sector.
Earlier this week, Standard Chartered initiated coverage of Uniswap and argued that tokenized assets could become a major driver of decentralized finance adoption. The bank projected the DeFi sector could reach $2.7 trillion by 2030 as more financial products move onto blockchain-based systems.
Citigroup identified organizations including the Depository Trust & Clearing Corporation, the New York Stock Exchange, and Nasdaq as important participants in the tokenization process. According to the bank, adoption by these institutions could accelerate the use of blockchain infrastructure in asset issuance and settlement.
Outside of tokenized funds and private credit, tokenized equities are also attracting attention. Platforms such as Ondo Markets and xStocks have expanded access to blockchain-based stock products as demand for tokenized financial instruments increases.
Supporting that trend, Binance Research said in a report released earlier this month that tokenization is no longer centered solely on U.S. Treasury products. According to the report, the sector is developing into a more diversified ecosystem that includes multiple asset classes and income-generating opportunities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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