Citigroup’s report numbers look quite impressive: 5.5 quadrillion in May 2030—let’s trust half for now.

Citi Institute in its latest report said the current global tokenized assets market is about $17 billion, and is expected to reach $5.5 trillion under the base-case scenario by 2030. Under the bear and bull case scenarios, it would reach $2.7 trillion and $8.2 trillion, respectively. The report believes that growth is expected to be driven mainly by public-market securities, especially U.S. stocks and Treasuries; on-chain settlement assets such as stablecoins and tokenized deposits will be an important foundation for the expansion of tokenization.