McKinsey's forecasts turned out to be more conservative than those of Bernstein analysts, who recently predicted the possibility of the tokenized asset market reaching the $50 trillion level in 2028.
McKinsey analysts assure that in the medium term, the total volume of tokenized assets of the financial market is unlikely to reach $ 20 trillion. Market growth will be limited by a number of significant factors, such as underdevelopment of financial instruments, gaps in legislation and regulatory problems, as well as the unwillingness of most large institutional investors to accept this form of assets.
At the same time, McKinsey & Company positively assesses the overall prospects for the development of the tokenized asset market. The reason: traditional credit, financial and investment companies will be forced to introduce new products for the sake of successful competition and matching the speed of technological change.
For example, according to McKinsey, in 2023 alone, more than 500 new tokenization platforms for traditional financial instruments appeared on the financial market.
Earlier, experts from the Citibank financial concern suggested that by 2030, the tokenized asset market will grow by 80 times, and its volume will range from $4 trillion to $5 trillion.