Deutsche Bank sees tokenised assets market reaching $4 trillion by 2035
Deutsche Bank forecasts the tokenised assets market, excluding stablecoins, to grow to $3-$4 trillion by 2035, up from $25 billion last year. The market has grown to $39 billion this year, with US government debt being the largest segment. BlackRock leads in tokenised Treasuries. The report highlights upcoming tokenisation services by DTCC and NYSE, but notes regulatory hurdles and risks.
How this was made
The 30-second read
Why it matters
The report provides a macro‑level view of tokenisation growth, with limited direct effect on DB's valuation.
Market read
Highlights emerging tokenised asset market, relevant for fintech, blockchain, and regulatory stakeholders.
What to watch
Potential impact of future US Digital Asset Market Clarity Act decisions and adoption rates of tokenised platforms.
Background
Deutsche Bank's research institute released a new report projecting rapid expansion of tokenised financial assets.
Ticker impact
Deutsche Bank's research report forecasts the tokenised assets market to reach $3‑4 trillion by 2035.
Minimal short‑term impact on DB stock.
DB is the source of the report; the content is informational rather than a corporate event.
Market effects
Signals strong growth outlook for tokenisation services, benefiting fintech and blockchain infrastructure firms.
Highlights US dominance in tokenised Treasuries, with potential spillover to European markets.
Sets a benchmark for global tokenised asset market size, influencing investor sentiment worldwide.
Counterpoint
Skeptics may argue regulatory delays and thin secondary markets will curb growth, limiting near‑term upside.
Key entities
- Financial InstitutionDeutsche Bank
Issuer of the report and subject of the article.
- Clearing OrganizationDTCC
Launching tokenisation service for US securities.


