Photo: Jeenah Moon
BNY forecasts stablecoins and tokenized cash to reach $3.6T by 2030
Institutional investors are driving the shift toward blockchain-based payment rails and digital cash solutions within the traditional finance landscape.
BNY forecasts the combined market for stablecoins and tokenized cash will reach $3.6 trillion by 2030, highlighting accelerating institutional adoption of blockchain-based payment solutions.
The global bank’s report emphasizes that blockchains will integrate with traditional financial rails rather than replacing them, supporting broader institutional adoption of digital assets.
BNY collaborated with Goldman Sachs to launch a solution for tokenized money market funds, enhancing accessibility for institutional clients in digital asset markets.
Institutions are increasingly embracing stablecoins and tokenized deposits alongside digital money market funds as part of evolving digital cash ecosystems.