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The bank estimates that $1.9 trillion of the up to $5 trillion will be tokenized debt, $1.5 trillion will be real estate, $700 million will represent venture capital and private equity, and between $500 million and $1 trillion will be tokenized securities like stocks. While tokenized outstanding securities are “the most common and widespread approach” today, Citi predicts that native digital security tokens are “where the largest impact is expected in the long-term.”
Wu said that the more complicated the class of assets is, the more value tokenization can add. “In structured products, you have so many different participants all trying to figure out the transparency of the data and then get a pricing on the data. If you're a smaller entity, you have limited access and transparency to the complicated and illiquid assets.
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