Citi: Tokenized Securities Market Could Hit $5.5T by 2030
Citi’s “Tokenization 2030: Wall Street On-Chain” report forecasts the tokenized securities market could reach $5.5T by 2030, from about $17B today (base case). The range runs from $2.7T (low) to $8.2T (high), driven mainly by institutional adoption of on-chain infrastructure.
Citi expects tokenized securities demand to concentrate in tokenized U.S. Treasury bills and public stocks. By 2030, it projects around 10% of the U.S. Treasury bill market and about 3% of U.S. public equities moving to tokenized form.
A key incremental catalyst is stablecoins. Citi links stablecoin growth to new Treasury demand, estimating roughly $1T in additional U.S. Treasuries as stablecoins expand their reserve and settlement role. It also argues stablecoins enable faster, always-on cash-to-digital settlement for tokenized securities beyond traditional market hours, while stressing that tokenized securities still require compliance, custody, and legal alignment of ownership records.
For crypto traders, the actionable takeaway is that the tokenized securities market narrative is increasingly tied to regulated on-chain finance and stablecoin-linked liquidity—supporting longer-term sentiment toward RWA rails rather than a near-term move in crypto-native assets.
Neutral
This is a bullish narrative for the regulated RWA stack (tokenized securities market scale-up) but it is unlikely to translate into a direct, short-term price move in the “cryptocurrency itself.” The report emphasizes stablecoins as an infrastructure and liquidity layer for tokenized settlement; however, stablecoin pricing is designed to track the dollar, so the market-impact channel is more about adoption/volume and Treasuries flows than a typical speculative pump.
In the short term, traders may watch for sentiment rotation toward RWA rails and stablecoin-related throughput, but without a specific tradable token catalyst. In the long term, the projection of $5.5T (with a wide range) can support expectations of institutional on-chain adoption, which is constructive for ecosystem growth. Still, because the key asset is stablecoin-based liquidity (not a single volatile coin), overall price impact on the referenced cryptocurrency category remains neutral.