BNY forecasts stablecoins and tokenized cash to reach $3.6T by 2030
Key Takeaways
- BNY predicts the stablecoin and tokenized cash market will grow to $3.6 trillion by 2030.
- The trend highlights accelerating institutional adoption of digital asset and blockchain payment solutions.
BNY forecasts the combined market for stablecoins and tokenized cash will reach $3.6 trillion by 2030, highlighting accelerating institutional adoption of blockchain-based payment solutions.
The global bank’s report emphasizes that blockchains will integrate with traditional financial rails rather than replacing them, supporting broader institutional adoption of digital assets.
BNY collaborated with Goldman Sachs to launch a solution for tokenized money market funds, enhancing accessibility for institutional clients in digital asset markets.
Institutions are increasingly embracing stablecoins and tokenized deposits alongside digital money market funds as part of evolving digital cash ecosystems.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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