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ARTICLE · 14 APRIL 2023

Market Intelligence Thought Leadership Award Winner

Blockchain Bites: Citi: Tokenisation is blockchain' "killer use" case, CFTC calls crypto 'commodities' in Binance case, Debates over DAO governance, New EU AML rules for unhosted wallets

Piper Alderman
Piper Alderman
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Piper Alderman

Piper Alderman

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Article introduces the latest legal, regulatory and project updates in blockchain and digital law.

AustraliaTechnology
Michael Bacina
Michael Bacina
Steven Pettigrove
Steven Pettigrove
Jake Huang
Jake Huang
Kelly Kim
Kelly Kim
Luke Higgins
Luke Higgins
Luke Misthos
Luke Misthos
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Michael Bacina, Steven Pettigrove, Jake Huang, Luke Misthos, Luke Higgins and Kelly Kim of the Piper Alderman Blockchain Group bring you the latest legal, regulatory and project updates in Blockchain and Digital Law.

Tokenisation is blockchain's "killer use case": Citi

One of the world leading financial institutions, Citi, has released a report arguing that blockchain technology is at an "inflection point" and that the tokenisation of financial and real-world assets could be blockchain's "killer use-case".

Citi's report on "Money, Tokens, and Games" predicts that tokenisation in private markets will grow significantly, with an estimated value of up to USD$4 trillion by 2030, representing a growth factor of over 80x. Citi also estimates that up to USD$5 billion in CBDCs and stablecoins could be circulating in major economies by 2030 and that USD$1 trillion of the repossession, securities financing, and collateral market will be tokenised this decade.

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