Binance Is Reportedly The Latest To Join The Race Toward Tokenized Market – Citi Predicts $5.5T Boom By 2030

• Binance is reportedly adding more than 7,000 US stocks and exchange-traded funds to its platform as it prepares to launch tokenized shares.
• Binance’s Richard Teng said the move aims to make US equities more accessible to international investors.
• The expansion comes as Citi reportedly forecasts the tokenized securities market could reach $5.5 trillion by 2030.

Binance (BNB), the world's biggest cryptocurrency exchange, is reportedly adding U.S. stocks to its platform and plans to launch tokenized shares to become a multi-asset "super app," as Citi (C) forecasts the market for tokenized securities could reach $5.5 trillion by 2030.

Fortune reported on Monday that Binance will allow users to trade more than 7,000 US stocks and exchange-traded funds (ETFs). The report explained that the exchange also plans to launch tokenized shares, allowing users to convert their holdings into blockchain-based digital assets.

Binance Co-CEO Richard Teng allegedly told Fortune that U.S. stocks currently represented well over half of global equities by market value but remained costly for many international investors to access. Binance aims to address that gap by offering commission-free stock trading to non-US users, including fractional-share purchases starting at $5.

Binance is also said to plan bStocks offering that would provide a "native bridge" between traditional stock ownership and tokenized assets. Users will be able to purchase stocks using stablecoins such as USD Coin (USDC) and Tether’s USDT, as well as selected cryptocurrencies, including Binance Coin (BNB). 

Share purchases will be arranged on Binance by a broker dealer called Nest Trading, an affiliate of Binance and holder of an Abu Dhabi Global Market (ADGM) financial license, as per its website.

Binance Coin’s price was trading around $699, down by more than 3% during the past 24 hours. On Stocktwits, the retail sentiment around BNB moved to ‘bearish’ from ‘neutral’ while chatter around it stayed ‘high’ over the past day.

Additionally, while companies like Coinbase (COIN), Kraken, and Robinhood (HOOD) have launched tokenized stock offerings, Binance's version could differ by allowing users to initiate the tokenization process themselves, according to Fortune.

Citi Sees Trillions Moving On-Chain

The move comes as traditional financial institutions and crypto firms continue to capitalize on the growing market for tokenized real-world assets. 

According to Citi’s Tokenization 2030: Wall Street On-Chain report shared with Coindesk, the bank reportedly expects tokenization to gain traction across mainstream financial markets. Citi estimates that 10% of the US Treasury bill market and 3% of the US public stock market could be tokenized by 2030.

The report also projects that stablecoin growth could generate roughly $1 trillion in additional demand for US Treasuries, while a 10% shift by retail investors toward digital trading platforms could create $2.6 trillion in demand for tokenized stocks.

According to Citi’s report, the trend is being driven by increasing adoption of tokenization by market infrastructure providers, expanding stablecoin usage, and improving regulatory clarity in the United States.

Read also: Arthur Hayes Throws Down A $100K ‘Gentleman's Bet’ That This One Token Will Beat Every Top-10 Crypto By Year-End

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