Blockchain Capital Could Hit $100 Trillion by 2030 — The Great Tokenization Era Begins

Wall Street’s next big migration isn’t to a new exchange — it’s on-chain. TD Cowen projects that tokenized capital could exceed $100 trillion by 2030, as institutions from JPMorgan to Goldman Sachs move real-world assets onto blockchain rails.

⚡ Quick Hits

• 💰 On-chain capital (2020–2025): ~$4.6 trillion
• 🚀 Projected by 2030: $100 trillion+
• 🏦 Institutional tokenization: 10–24% of portfolios by 2030
• 💼 Major players: JPMorgan, Bank of America, BNY Mellon, Goldman Sachs
• 🌐 Key driver: Real-world asset tokenization & institutional adoption

🏦 The $100 Trillion Migration

According to TD Cowen, blockchain-based capital markets are on track to exceed $100 trillion by the end of the decade — a staggering 20x increase from today’s ~$4.6 trillion in tokenized value.

The engine behind this transformation? Real-world asset (RWA) tokenization — where traditional instruments like bonds, equities, and real estate are represented as blockchain tokens.

“While the path remains bumpy, political and regulatory progress has far exceeded what we had expected even two years ago,” TD Cowen analysts noted.

Institutional adoption is accelerating fast. Banks including JPMorgan, Bank of America, BNY Mellon, and Goldman Sachs are experimenting with blockchain-based settlements, smart contracts, and tokenized deposits — all aimed at modernizing global capital flows.

🔗 Why Tokenization Is Winning

Tokenization is more than a tech upgrade — it’s a financial revolution.

Core advantages:

• 🌍 Lower cross-border costs: Transactions bypass legacy intermediaries.
• ⚡ Instant settlement: Smart contracts cut timelines from days to minutes.
• 🕒 24/7 execution: Global markets, no closing bell.
• 🧩 Programmable liquidity: Assets can move automatically between networks, funds, and platforms.

Platforms like Centrifuge — which just surpassed $1 billion TVL — show how tokenized credit and RWA markets are scaling fast.

Bitwise CIO Matt Hougan summed it up:

“Real-world assets are starting to have measurable impacts on financial markets.”

🧠 Institutional Momentum Builds

A new generation of surveys shows that institutional investors plan to double their digital asset exposure by 2030.

Nearly half of respondents expect 10–24% of their portfolios to be tokenized within five years.

Global governments are catching up, too:

• 🇬🇧 UK regulators plan to appoint a Digital Markets Champion to spearhead tokenization initiatives.
• 🇪🇺 Europe’s MiCA framework is giving traditional institutions legal clarity to onboard blockchain assets.
• 🇺🇸 U.S. banks are pushing pilot programs under evolving SEC and CFTC oversight.

🌐 What’s Next: The On-Chain Economy

Experts call this shift “the great synchronization” — the merging of TradFi infrastructure with blockchain logic.

Expect explosive growth in:

• 🏦 Institutional adoption: Banks and funds onboarding RWA systems.
• ⚙️ Innovation platforms: Firms like Centrifuge, Ondo, and Maple Finance scaling tokenized debt and credit.
• 🧩 Regulatory clarity: Coordinated efforts to standardize token formats and custody rules.

Challenges remain — from regulatory alignment to data interoperability — but the momentum is unstoppable.

“Efficiency, cost reduction, and 24/7 operations are too powerful to ignore,” one analyst said.

The coming years will determine which institutions — and which blockchains — define the backbone of global finance.

TL;DR

• 💰 TD Cowen projects $100T+ in tokenized assets by 2030.
• 🏦 JPMorgan, Goldman Sachs, BNY Mellon, and others are leading pilots.
• 🌍 Tokenization brings faster, cheaper, programmable finance.
• ⚙️ Centrifuge and similar projects show scalable RWA adoption.
• 🔮 Tokenization is becoming the infrastructure layer of global capital.