10% of the US Treasury bill market will be tokenized by 2030, according to Citi.
Stablecoins are an essential part of the growth of asset tokenization.
US bank Citi projects that real-world asset (RWA) tokenization will see massive expansion in the coming years. This was stated in his new report titled “Tokenization 2030: Wall Street On-Chain.”
The entity’s research estimates that the market capitalization of Tokenized assets will multiply by 323 before the end of the decade. That is to say, the total value of the sector will scale from the current 17 billion dollars according to its data to an average volume of 5.5 trillion dollars.
Depending on the speed of adoption of this system, the bank estimates a range from a low estimate of 2.7 trillion up to an optimistic forecast of $8.2 trillion.
This projected expansion comes from the massive incorporation of traditional financial firms into the digital ecosystem. “We are seeing the full weight of American financial power and the global reserve currency move toward large-scale change,” says Citi in the private report that was reported by the press and released this June 1, 2026.
The main operating engine of this growth is the inefficiency brought about by traditional value exchange systems.
Citi notes that growth will occur primarily in conventional public markets, such as U.S. stocks and government bonds, rather than in private markets, which are more difficult to trade and change slowly. The bank assumes that the 10% of the US Treasury bill market and 3% of the US public stock market will be tokenized by 2030.
The Depository Trust & Clearing Corporation (DTCC), the central clearing and settlement node of the US financial system, has quantified the true cost of these delays. There are 630 billion dollars tied up daily in global banking just to cover gaps between incoming and outgoing payments. The DTCC is responsible for the automated clearing, settlement and custody of stocks, bonds and other instruments. In 2025, its subsidiaries processed transactions for 4.7 quadrillion dollars and held securities for a total of 114 billion. of dollars, as reported by CriptoNoticias.
This organization proposes that the tokenization of assets solves the immobilization of capital by reducing the collateral movement time from days to seconds.
If just 10% of everyday American investors switch to these new digital trading platforms, it would generate a lawsuit for $2.6 trillion in tokenized shares. The advance is simultaneously supported by the growth of stablecoins, which are expected to reach a market of 1.9 trillion dollars by 2030, says Citi.
The report predicts that this growth could generate new demand for approximately $1 trillion in US government bonds, as issuing companies back their stablecoins with these real bonds.
For its part, the legal environment is also registering progress, driven by the United States Senate Banking Committee, which voted in favor of the draft regulation on digital assets, called the Clarity Law, on May 14.
JPMorgan issues a warning
But, for JPMorgan, another American banking entity, there are critical considerations that must be taken into account by investors before turning to this technology. “Companies must carefully evaluate the opportunities and advantages and disadvantages,” warns the banking entity in its analysis of May 5.
JPMorgan details that it is important to determine where the integration of digital assets can have a significant impact, whether in payments, liquidity management or investment products. He adds that regulatory compliance is essential and that a thorough analysis of change management can help identify gaps in current controls and ensure adaptation to constantly evolving regulations.
The adoption of this new ecosystem will force investors to transform their technical capabilities for the future. “Adapting team skills is also critical,” warns JPMorgan, detailing that digital asset integration typically involves adjusting existing processes rather than a complete overhaul.