Deutsche Bank Forecasts Tokenized Assets Market to Reach $4 Trillion

Deutsche Bank forecasts that the market for tokenized financial assets, including bonds, funds, and shares, will grow to between $3 trillion and $4 trillion by 2035. The market has already seen rapid expansion, growing from $10 billion in January 2025 to approximately $39 billion by September 2026, excluding stablecoins.

U.S. government debt currently represents the largest segment of this growth, led by BlackRock, Ondo, and Circle. Infrastructure is expanding through the New York Stock Exchange's plans for a 24/7 trading platform and the Eurosystem's Pontes project, which is scheduled to go live this month to connect blockchain platforms to settlement systems.

Further developments include the Depository Trust & Clearing Corporation's upcoming October launch of a tokenization service for Russell 1000 stocks and Treasuries, following a three-year authorization from the United States Securities and Exchange Commission. However, the bank notes that the failure of the US Digital Asset Market Clarity Act has created regulatory hurdles that may stall further progress until January 2027.