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Deutsche Bank Says Tokenized Assets Excluding Stablecoins Could Reach $4T by 2035
The market excluding stablecoins grew from about $10 billion in January 2025 to $39 billion by September 2026.

Deutsche Bank's forecast puts the tokenized-asset market, excluding stablecoins, at $1.5 trillion to $2 trillion by 2030, with a possible $4 trillion total by 2035.
Tokenization represents rights tied to assets with digital tokens recorded on a blockchain. Deutsche Bank describes the approach as a way to update financial infrastructure, with settlement at any hour and quicker collateral transfers among its potential benefits. Existing intermediaries would continue to participate.