‘Killer use case’: Citi says trillions in assets could be tokenized by 2030

Investment bank Citi is betting on the blockchain-based tokenization of real-world assets to become the next “killer use case” in crypto, with the firm forecasting the market to reach between $4 trillion to $5 trillion by 2030.

That would mark an 80-fold increase from the current value of real-world assets locked on blockchains, Citi

Citi also noted that some industry players remain “skeptical” too, particularly in light of the Australian Securities Exchange (ASX) recently scrapping its failed $165 million DLT project in November.

There are many more “growing pains” to come, Citi added. But the bank remains confident that the ecosystem will mature as the technology develops:

“Once this intermediate, skeuomorphic ‘straddle’ state is crossed, the new disruptive technology breaks free from the old and ideally directionally trends towards the envisioned end-state.”

Citi envisions this “end state” as a “digitally native financial asset infrastructure, globally accessible, operating 24x7x365 and optimized with smart contract and DLT-enabled automation capabilities, which enable use cases impractical with traditional infrastructure.”

Magazine: Building blocks: Gen Y can use tokens to get on the property ladder