BNY Sees Stablecoins, Tokenized Cash Hitting $3.6T by 2030

Date:

Share post:


Stablecoins and other forms of tokenized cash could grow to $3.6 trillion by 2030, according to a fresh report released by financial services giant BNY.

The financial services giant said Monday that stablecoins alone could reach $1.5 trillion in market cap by the end of the decade, with tokenized deposits and money market funds contributing the rest.

These instruments, collectively referred to as digital cash equivalents, were seen as tools to unlock faster settlement, reduce counterparty risk and improve collateral mobility across markets.

Stablecoins, tokenized deposits and digital MMFs projected to reach $3.6 trillion market size (BNY)

Stablecoins, tokenized deposits and digital MMFs projected to reach $3.6 trillion market size (BNY)

The report highlighted that tokenized assets such as U.S. Treasuries and bank deposits could help institutions optimize collateral management and streamline reporting processes. For example, a pension fund might one day use a tokenized MMF to post margin for a derivatives contract almost instantaneously, a scenario BNY says could become more common as systems evolve.

Regulation remains a key enabler, the report noted. The bank pointed to the EU’s MiCA legislation and ongoing policy work in the U.S. and Asia-Pacific as signs that the regulatory environment was maturing in ways that could support both innovation and market stability.

“We stand at a powerful inflection point that may fundamentally transform how global capital markets function and how its participants transact,” said Carolyn Weinberg, BNY’s chief product and innovation officer.

She envisioned a future where blockchain doesn’t replace the traditional rails but work in tandem. “The combination of traditional and digital has the potential to be a powerful unlock for our clients and the world,” she added.





Source link

Leave a reply

Please enter your comment!
Please enter your name here

Related articles

Bitcoin Price Gains Stall As Key Liquidity Strengthens Below $86,000

Bitcoin (BTC) has struggled to flip $80,000 into support in recent days, but bulls’ real challenge is...

The Market’s Compass Crypto Sweet Sixteen Study

Welcome to this week’s publication of the Market’s Compass Crypto Sweet Sixteen Study #556. The Study tracks...

USDSM is available for trading!

We’re thrilled to announce that USDSM is...

12,000 Tiny Transfers Put Kraken's Compliance Controls to the Test

A wallet linked to sanctioned exchange HTX flooded Kraken-linked addresses with thousands of near-worthless transfers, showing how...