According to Cointelegraph, a crypto analyst has expressed doubts about the optimistic prediction that Tokenized Real-World Assets (RWA) will be worth $30 trillion by 2030, believing that a target of 5% is more realistic.
Jamie Coutts, chief crypto analyst at Real Vision, said in an Aug. 27 X post that if the current two-year compound annual growth rate (CAGR) of 121% continues, tokenized traditional assets could reach about $1.3 trillion by 2030.
Asset tokenization is the process of issuing security tokens that represent real, tradable assets. These tokens can represent anything from real estate and bonds to art and stocks.
In June, Standard Chartered and Synpulse predicted that Tokenized RWAs could reach $30.1 trillion by 2034.
Coutts believes that Wall Streetâs predictions are too optimistic, and even his more conservative estimates, if realized, would have a significant impact on the Web3 ecosystem.
He believes that if $1.3 trillion of RWA is put on the chain, it will have a huge impact on other parts of the crypto ecosystem such as NFT, social platforms and games.
But he believes that "value accumulation" on Ethereum is difficult to calculate because how much market share the second-layer network will capture is related to the value captured by the base Ethereum network itself.
He noted that the second layer network could capture 95-99% of the revenue, with the remainder paid in ETH as settlement fees.
In June, McKinsey & Company said that tokenized financial assets have had a slow start, but expect the market to reach approximately $2 trillion by 2030.
McKinsey analysts added that tokenization requires a use case that has advantages over the traditional financial system, such as the tokenization of bonds.
Meanwhile, RippleX senior vice president Markus Infanger told Cointelegraph in April that research estimates the future value of the tokenized market at $16 trillion, roughly eight times the total market capitalization of the entire cryptocurrency market.
