What happened?
A recent survey from Citi reveals that Wall Street executives predict digital assets will account for 10% of post-trade market turnover by 2030. This equates to roughly $2 trillion in daily trading volume, as tokenized securities hit a significant adoption tipping point. The forecast is based on data gathered from 537 industry leaders over a five-year period.
Who does this affect?
This affects all participants within the financial market, especially traditional financial infrastructures that currently support 40% of global market capitalization. These institutions face competition from neobrokers demanding 24/7 access to cryptocurrencies. Additionally, custodians who serve as essential network providers connecting to multiple blockchain platforms could see significant transformations.
Why does this matter?
The predicted increase in digital asset turnover matters due to its potential market impact. Currently, digital transitions are supported by stablecoins and bank-issued tokens, which bridge the gap between traditional and decentralized finance. If these predictions hold true, it suggests a broader acceptance and integration of digital money into mainstream financial processes, significantly changing the way transactions and trading occur in the market.