**Chainlink Predicts Tokenized Assets to Hit $10 Trillion by 2030**
Chainlink, a decentralized oracle provider, has released an optimistic report predicting the global tokenized asset market could skyrocket to $10 trillion by 2030. The report highlights how institutional adoption and regulatory advancements are fueling this growth, despite recent crypto market volatility.
Key insights come from 21.co, a blockchain fintech firm, and a joint study by BCG and ADDX, projecting the market to reach between $10 trillion and $16 trillion. Currently, tokenized assets are valued at around $118.57 billion, with Ethereum leading the charge, holding 58% of these assets.
Tokenization is seen as a game-changer, bringing liquidity to traditionally illiquid assets like real estate and private equity by converting them into digital tokens. This not only makes assets more accessible but also streamlines financial processes.
Several factors are driving market growth, including institutional interest, blockchain integration, and supportive regulations. Ethereum's six million daily active users and initiatives like Singaporeâs Project Guardian, which pilots blockchain-based tokenization, are key contributors.
A survey by BNY Mellon and Celent shows 97% of institutional investors believe tokenization will revolutionize asset management. The World Economic Forum estimates that $867 trillion of value could be disrupted by tokenization.
However, challenges remain, such as audit standards, asset valuation, and regulatory compliance. Ongoing legal battles, like those involving Coinbase and the SEC, indicate a potentially rocky road ahead for the tokenized assets market.
