McKinsey Sees Just $2T of Tokenized RWAs by 2030 in Base Case, With Broad Adoption 'Still Far Away'

Tokenization adoption will happen in waves led by assets such as mutual funds, bonds, loans, McKinsey said in a report.

The market of tokenized assets might be just $4 trillion even in an optimistic scenario by 2030 as financial institutions embrace blockchain technology for traditional financial instruments at a slower pace and limited range of assets than more optimistic reports predicted, global consulting firm McKinsey & Company said in a Thursday

In its base case, the company estimated the tokenized asset market to reach nearly $2 trillion market size by 2030, notably excluding tokenized deposits, stablecoins and central bank digital currencies from calculation. Meanwhile, the authors see slower adoption for assets such as real estate, commodities and equities, citing reasons like marginal benefits, concerns over feasibility, complex compliance requirements or lack of incentive for key industry players to pursue tokenization.

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