By 2030, 10% of U.S. Treasury bonds will be tokenized, and stablecoins will need to absorb a demand of one trillion dollars in government bonds—this narrative is even more intense than DeFi Summer.

Citigroup predicts in "Tokenization 2030: Wall Street On-Chain" that the tokenization of real-world assets could reach $55 trillion by 2030, with a range of $27 trillion to $82 trillion. About 10% of short-term U.S. government bonds and 3% of publicly traded stocks will be tokenized; the expansion of stablecoins could generate a demand of $1 trillion in government bonds, and if 10% of retail investors shift to digital platforms, the demand for digital stocks could be approximately $2.6 trillion. Citigroup states that going on-chain will become a bridge between Wall Street and blockchain, driving the digitalization of global capital markets.