Chainlink, the decentralized oracle provider, has predicted that the global tokenized asset market could explode to a staggering $10 trillion by 2030. The report, based on insights from blockchain fintech firm 21.co and a joint study by BCG and ADDX, highlights growing institutional interest and regulatory advancements as key drivers behind this growth.
Currently, the market for tokenized assets stands at $118.57 billion, with Ethereum leading the charge by controlling 58% of this value. Tokenized assets, according to Chainlink, offer the unique advantage of transforming historically illiquid assets like real estate into liquid digital tokens, making them more accessible to financial institutions.
Several factors are fueling the market’s rapid expansion, including the rising number of daily active users on Ethereum and initiatives like Singapore’s Project Guardian, which integrates blockchain for asset tokenization. Institutional investors are also backing this evolution, with 97% believing that tokenization will revolutionize asset management.
However, significant challenges remain, particularly in areas like regulatory compliance and asset valuation. As lawsuits from the U.S. Securities and Exchange Commission continue to target major crypto firms, the path to the projected $10 trillion market may face hurdles.
While the outlook is promising, the road to realizing this ambitious forecast will require overcoming these regulatory obstacles, setting the stage for what could be the next financial revolution.