Citi analysts have forecast that the market volume of tokenized securities could reach $5.5 trillion by 2030. This is reported by CoinDesk with a reference to the report of the bank called Tokenization 2030: Wall Street On-Chain. The segment is currently valued at approximately $17 billion. The baseline scenario assumes a range of $2.7-8.2 trillion, depending on the pace of technology adoption: Citi estimates that 10% of short-term US Treasury securities and 3% of the public market in US equities could move to blockchain by the end of the decade. Separately, it is noted that stablecoins are capable of generating additional demand for US government bonds worth up to $1 trillion.

Previously, the bank had been more conservative: the Money, Tokens, and Games report put $4 trillion in tokenized financial and real assets in private markets by 2030. The market for token stocks was valued at $4-5 trillion, and trade finance and security operations were valued at around $1 trillion. Citi is already conducting practical tests of infrastructure: in November 2024, a pilot project was launched together with Fidelity International with a tokenized money market fund and a digital currency swap. At that time, the segment’s growth forecast was $400 billion by 2030.

In May 2026, it became known that the US was preparing a regulatory framework for trade in tokenized securities. Earlier, in November 2025, the International Organization of Securities Commissions (IOSCO) indicated that tokenization of real assets (RWA) creates new vulnerabilities, despite the potential to transform financial-instrument issuance and trading processes. Recall that in May, the capitalization of US government bonds on the Ethereum blockchain reached a record $8 billion.