The market for real-world tokenized assets has continued to grow rapidly, with Citigroup projecting that the sector could reach $8.2 trillion by 2030 in its bullish scenario.
Summary
- Citigroup projects the stock market could reach $5.5 trillion in its baseline state and reach $8.2 trillion by 2030.
- Data from Token Terminal shows that token assets have surpassed $43 billion, up nearly 37% over the past six months.
- Financial advisors are increasingly focusing on tokens and stablecoins as institutions expand blockchain-based financial products.
According to Citigroup, tokenization goes beyond pilot programs and has a common financial infrastructure as regulatory clarifications are developed and major market institutions include blockchain technology in their operations.
The bank estimates the market could reach $5.5 trillion in its baseline view, while aggressive acquisitions could push the figure to more than $8 billion before the end of the decade.
Recent on-chain data suggests growth is already accelerating. According to Token Terminal, tokenized assets now account for more than $43 billion in market value, which represents an increase of about 37% over the past 180 days.
The average of the platform exceeds the figures reported by RWA.xyz, which currently values the market at less than 33 billion dollars, the difference is probably related to the way each provider divides the financial products of the tokens.
Token funds remain the largest category
Data from Token Terminal shows token funds account for roughly 80% of the sector’s total market capitalization. Commodities represent 16.6% of the market, while tokenized stocks contribute about 3.8%.
Network activity remains focused on Ethereum, which holds 57.8% of all token assets followed by Token Terminal. BNB Chain follows with 8.5%, while zkSync Era holds 7.5%. XRP Ledger and Stellar account for 5.8% and 5.4%, respectively.
Issuer estimates show Sky holds the largest share of tokenized assets at $6.1 billion. According to Token Terminal, Securitize and Ondo Finance each manage approximately $3.6 billion in token assets.
Institutional interest has continued to build around these figures. In a recent letter, Bitwise Chief Investment Officer Matt Hougan said discussions with groups representing more than 40 financial advisors revealed growing interest in tokens and stablecoins.
Hougan wrote that advisers appeared to be more focused on the practical applications of blockchain in payments, markets, and real-world assets than on Bitcoin itself.
Bitwise’s 2026 survey conducted with VettaFi found that 56% of financial advisors own crypto, while 42% can buy crypto on behalf of clients. Hougan noted that advisors collectively manage more than $175 trillion in assets.
Financial firms are increasing efforts to create tokens
Several major institutions have publicly expressed expectations for continued growth in the sector.
Earlier this week, Standard Chartered began covering Uniswap and argued that token assets could be a major driver of currency adoption. The bank predicted that the DeFi sector could reach $2.7 trillion by 2030 as more financial products move into blockchain-based systems.
Citigroup has identified organizations including the Depository Trust & Clearing Corporation, the New York Stock Exchange, and Nasdaq as key participants in the tokenization process. According to the bank, adoption by these institutions can accelerate the use of blockchain infrastructure in asset issuance and settlement.
Besides token funds and private credit, token shares are also attracting attention. Platforms like Ondo Markets and xSstocks have expanded access to blockchain-based stock products as demand for tokenized financial instruments grows.
Supporting that trend, Binance Research said in a report released earlier this month that tokens are no longer focused solely on US Treasury products. According to the report, the sector is evolving into a highly diversified ecosystem that includes multiple asset classes and revenue opportunities.
