Citigroup Projects RWA Tokenization Market to Reach $5.5 Trillion by 2030, Up From $17 Billion Today

According to Citigroup's latest report "Tokenization 2030: Wall Street On-Chain," the real-world asset (RWA) tokenization market is projected to grow from approximately $17 billion today to $5.5 trillion by 2030. Market size estimates across different adoption scenarios range between $2.7 trillion and $8.2 trillion.

The report predicts that by 2030, approximately 10% of the U.S. short-term Treasury market and 3% of publicly traded equities will be tokenized. Citigroup notes that stablecoin expansion could drive an additional $1 trillion in U.S. Treasury demand, while a 10% shift of U.S. retail investors toward digital trading platforms could generate approximately $2.6 trillion in digital equity demand.