Wall Street Just Got Serious About Tokenization — Here’s What’s Coming by 2030

TLDR

• Citi Institute projects the global tokenized asset market will grow from $17 billion to $5.5 trillion by 2030
• DTCC, NYSE, and Nasdaq have all received regulatory approvals to launch tokenized trading platforms
• Crypto firm Abra is preparing to list on Nasdaq under ticker ABRX, valued at $750 million
• Abra plans to launch BTCAF, a yield-bearing bitcoin product, following its USDAF tokenized dollar offering
• Stablecoin issuance is projected to reach $1.9 trillion by 2030, forming the base layer of tokenization infrastructure

Wall Street’s biggest financial institutions are moving fast on asset tokenization, and crypto firms are racing to keep up.

A new report from Citi Institute, published in June 2026, projects the global tokenized asset market will grow from around $17 billion today to $5.5 trillion by 2030. In a bull scenario, that number rises to $8.2 trillion.

The tokenized asset market has already tripled in roughly one year. U.S. Treasury bills, bonds, and money market funds make up more than 55% of the current total. Gold and commodities account for about 34%.

Citi rates asset tokenization at just 1.5 out of 10 on an adoption curve. Most of the growth is still ahead.

Major Exchanges Are Building the Infrastructure

The three biggest moves in tokenization right now are coming from institutions, not startups.

The Depository Trust and Clearing Corporation received regulatory clearance in late 2025 to offer tokenization services. A pilot program launches in July 2026, with a full commercial launch set for October 2026, covering stocks, ETFs, and U.S. Treasuries.

The New York Stock Exchange launched its tokenized securities platform on January 19, 2026. It received SEC approval on April 17, 2026, clearing the way for 24-hour, seven-day trading of U.S. listed equities with near-instant settlement and stablecoin funding.

Nasdaq received SEC approval on March 18, 2026 to enable tokenized trading of Russell 1000 stocks and major index ETFs. Tokenized and traditional shares will trade on the same order books with identical investor rights.

These are the oldest and most systemically important institutions in U.S. capital markets. Their involvement changes the risk profile of tokenization entirely.

Abra Eyes Nasdaq Listing as Crypto Banking Expands

On the crypto side, Abra is positioning itself to benefit from the same trend.

The company is preparing to go public through a merger with SPAC New Providence Acquisition Corp. III. The deal values Abra at $750 million. The combined company will be renamed Abra Financial Inc. and plans to list on Nasdaq under the ticker ABRX, pending SEC approval.

CEO Bill Barhydt says the goal is to list this summer.

Abra already allows clients to borrow against bitcoin, ether, and solana holdings. It operates an SEC-registered investment adviser serving high-net-worth individuals and institutions.

Its tokenization arm, AbraFi, operates on the Solana blockchain. Its flagship product, USDAF, is a yield-bearing dollar-denominated asset. The company plans to follow that with BTCAF, a bitcoin-based yield product available to advisory clients and, outside the U.S., retail investors.

Barhydt says everything is becoming tokenized and liquid through decentralized finance. He sees tokenization, not bitcoin price movements, as the next major story for institutional investors.

Citi also projects stablecoin issuance will reach $1.9 trillion by 2030, forming a foundational layer beneath all tokenized asset activity. Firms that control issuance, custody, and settlement infrastructure are expected to capture the most value as the market scales.

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