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      Morgan Stanley Projects Tokenized Assets Market Could Reach $10 Trillion by 2030

      Morgan Stanley has projected that the market for tokenized real-world assets could grow to between $3 trillion and $10 trillion by 2030, a significant increase from its current valuation of approximately $38.6 billion to $40 billion. This forecast was presented by Amy Oldenburg, the bank's Head of Digital Asset Strategy, during the TOKEN2049 conference held on October 12, 2026. Oldenburg emphasized that this projection is not merely optimistic but rather a realistic expectation for the market's growth.

      The new estimates represent a substantial revision from Morgan Stanley's previous base-case forecast of $2.3 trillion made just a month earlier. The high end of the current projection exceeds the earlier estimate by more than four times, indicating a rapidly evolving outlook for tokenized assets. Currently, tokenized US Treasuries dominate the market, accounting for about $14.6 billion, or more than a third of the total on-chain real-world asset market.

      Despite the optimistic projections, Morgan Stanley has delayed its timeline for supporting tokenized equities on its alternative trading system (ATS) to the first quarter of 2027, pushing back from an earlier expectation of the second half of 2026. Oldenburg noted that this delay is due to the need for increased institutional demand and more tokenized offerings before the firm can proceed with implementation. She identified private shares, structured notes, and investment funds as key areas where tokenization could enhance efficiency and drive growth.

      The anticipated growth in the tokenized assets market is largely attributed to rising institutional interest, creating a cycle where more tokenized products attract more institutional users, thereby justifying further infrastructure development. The divergence between the bank's earlier and current projections highlights the uncertainty surrounding the speed of adoption in this evolving financial landscape.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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