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Citi Projects $5.5T Tokenized Market by 2030 as Wall Street Moves Onchain

Citi predicts a significant increase in the value of tokenized securities and real-world assets, forecasting growth from around $17 billion currently to $5.5 trillion by 2030. They believe that things like Treasury bills, digital stocks, and stablecoins will be key to bringing traditional financial activities onto blockchain technology.

  • Key Takeaways:

  • Citi projects tokenized securities could grow from $17B to $5.5T by 2030.
  • Treasury bills, stocks, and stablecoins are expected to drive Wall Street onchain.
  • Citi sees up to $1T in new Treasury demand as stablecoin adoption expands.

Citi Highlights Stablecoins, Treasuries and Stocks as Tokenization Leaders

Citi expects the market for tokenized securities to expand sharply by the end of the decade, as banks and asset managers move more traditional financial products onto blockchain networks.

A recent report from the bank, titled “Tokenization 2030: Wall Street On-Chain,” estimates the current value of tokenized securities and real-world assets at $17 billion. They predict this could grow to $5.5 trillion worldwide by 2030.

As I see it, our forecast has a pretty broad range – from a low of $2.7 trillion to a high of $8.2 trillion. Ultimately, where we land within that range will depend on how quickly banks, regulators, and the systems that support trading actually start using tokenized technologies.

This estimate includes digital assets like Treasury bills, stocks, funds, and other financial tools that can be created, recorded, and moved using blockchain technology.

A recent report from Citi supports the increasing belief on Wall Street that turning assets into digital tokens could make financial markets more efficient. Advocates believe this blockchain technology could speed up transactions, allow for around-the-clock trading, and broaden access to various investments.

Treasury bills are expected to be one of the largest early markets. Citi projects that 10% of the U.S. Treasury bill market could be tokenized by 2030. That forecast is closely tied to stablecoins. Many large stablecoin issuers already hold short-term U.S. government debt as reserves. Citi said continued stablecoin growth could create roughly $1 trillion in new demand for Treasuries.

Looking ahead, stocks are also a key focus for the bank. Citi predicts that around 3% of U.S. stocks will be tokenized by 2030.

According to the bank, if regular U.S. investors moved just 10% of their money to online trading platforms, it could create $2.6 trillion in demand for stocks traded digitally. This would mean a significant increase in investment beyond cryptocurrencies and into traditional stock markets.

Stablecoins to Power Tokenization Push

Stablecoins remain central to this transition because they provide the cash layer for onchain settlement. They can allow investors to move between tokenized securities, funds, and Treasury products without relying fully on traditional settlement windows.

Still, Citi’s forecast assumes that tokenized assets will need more than blockchain wrappers. Securities must remain connected to legal ownership records, regulated custody, and compliance systems. Without that structure, tokenization may struggle to win broad institutional adoption.

The broader real-world asset market has already grown in 2026, with recent estimates placing tokenized RWAs near $31 billion to $34 billion, excluding stablecoins. Tokenized Treasuries remain one of the largest categories, while Ethereum continues to host a significant share of activity.

Citi’s report suggests the next phase will be larger and more institutional. If the bank’s base case proves right, tokenized Treasury bills, public stocks, and stablecoin settlement could become key pillars of Wall Street’s onchain future.

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2026-06-02 07:59