Ripple, in collaboration with Boston Consulting Group, has released a new report projecting that the value of tokenized assets could hit $19 trillion by 2033.
Ripple and BCG Forecast
Ripple and Boston Consulting Group project that the global value of tokenized assets could reach $19 trillion by 2033, with a proposed compound annual growth rate (CAGR) of 53%. The Ripple team highlights growing institutional interest and potential changes in financial infrastructure that may occur over this time.
Need for Financial Institutions to Adapt Strategies
This projection may prompt financial institutions to accelerate their strategies, leading to broader adoption of blockchain technology. The transition from pilot programs to implementation may alter market dynamics and lead to an increase in investment strategies focused on digital assets and tokenization.
Historical Trends in Asset Tokenization Growth
Previous trends in asset tokenization indicate that market infrastructure improvements have enhanced transparency and compliance. While historical assumptions about growth have not reached the scales seen in Ripple's latest forecast, current data suggests institutional readiness for the incorporation of financial products based on new technologies.
Ripple's overall forecast of $19 trillion in the future underscores the importance of adopting new technologies and strategies within the financial sector, along with the need to adapt to changing market conditions.
