.@Citi just put a number on where tokenization ends up. The base case is $5.5 trillion by 2030. The bull case is $8.2 trillion. Today's market sits at $17 billion. That's a 323x growth window in four years, and for the first time, the timeline is anchored to infrastructure moves that are already on the calendar. > DTCC, which custodies $114 trillion in assets and processes virtually every securities trade in the US, begins limited production of tokenized securities in July 2026. > NYSE, ICE, and Nasdaq already approved for tokenized equity platforms. > Stablecoins projected to generate up to $1 trillion in new on-chain Treasury demand. > Citi rates tokenization at 1.5 out of 10 on its adoption curve. Most of the growth is still ahead. . . What separates this report from earlier tokenization forecasts is the specificity of the infrastructure commitments, grounded in signed announcements from the entities that run American capital markets, rather than assumptions about institutional interest. The @The_DTCC, going live in July, is the post-trade settlement backbone of US equities, beginning to process tokenized trades in production. When that happens, tokenized securities stop being an alternative format and start being part of the same settlement stack that handles every stock trade in the country. Citi's report identifies the winners as "structural orchestrators", institutions that control both the asset and the payment rail. Whoever controls the combination of tokenized asset issuance and on-chain settlement infrastructure captures the compounding value of both. Smart money has been positioned around this convergence for two years. The $17 billion market today sits at 1.5 on Citi's adoption curve; the infrastructure is committed, the regulatory clearances are in place, and, for the first time, the timeline is specific enough to build around. Source in 🧵