Tokenized capital markets to become core by 2030s - Deutsche Bank

While tokenized equities currently represent less than 1% of traditional stock markets, upcoming infrastructure developments like the Depository Trust & Clearing Corp.'s tokenization launch next month could significantly broaden adoption, positioning tokenized capital markets to become a core component of global financial architecture by the 2030s, according to Deutsche Bank Research.The shift toward direct tokenization of securities rather than fund-based structures signals a fundamental change in how blockchain technology is being integrated into capital markets. In 2025, 68% of equity tokenization consisted of direct tokenization of individual stocks or baskets of stocks—suggesting that adoption is increasingly focused on the securities themselves instead of third-party platform wrappers, Deutsche Bank pointed out in a slide presentation.DTCC's upcoming tokenization service is set allow eligible existing securities to move across blockchain infrastructure within its regulated framework. The service will cover Russell 1000 constituents, exchange-traded funds tracking major indices , and U.S. Treasury bills , notes , and bonds .The New York Stock Exchange has also made plans for a tokenized securities platform designed to support 24/7 trading of U.S.-listed equities and ETFs, with near-instant settlement and stablecoin funding. Just earlier this week, the Securities and Exchange Commission allowing certain platforms to facilitate trading of tokenized stocks, creating a regulatory pathway for digital versions of U.S.-listed securities.The broader market context underscores this momentum. Global tokenized assets excluding stablecoins grew from around $10B in January 2025 to some $39B in September 2026. U.S. Treasury debt remains the largest on-chain tokenized asset segment, reaching $15B, driven largely by tokenized money market funds. Institutions are increasingly extending tokenization beyond asset wrapping to settlement, funding and collateral management infrastructure.However, risks remain. Deutsche Bank warned of potential accelerated liquidity runs, smart-contract vulnerabilities, cyberattacks, and network outages that could halt trading. Tight integration with crypto markets via stablecoin reserves also risks transmitting digital asset volatility to conventional financial markets.Publicly-traded companies involved in asset tokenization include: Securitize , BlackRock , Robinhood Markets , Coinbase Global , JPMorgan Chase and WisdomTree .Content provided by Seeking Alpha is intended for information purposes only, and that Seeking Alpha does not offer any personalist investment advice and is not a licensed securities dealer, broker, US investment adviser or investment bank.