Citi Institute said in its latest report that the current global tokenized assets market is about $17 billion, and it is expected to reach $55 trillion in the baseline scenario by 2030. Under the bear and bull scenarios, it would be $27 trillion and $82 trillion, respectively. The report believes that the expected growth will be driven mainly by public-market securities, especially U.S. equities and government bonds; on-chain settlement assets such as stablecoins and tokenized deposits will be an important foundation for the expansion of tokenization.