Morgan Stanley sees tokenized assets at $3T–$10T by 2030

Morgan Stanley’s head of digital asset strategy has backed expectations for a $3 trillion–$10 trillion tokenized asset market by 2030 while moving the bank’s expected tokenized equity trading support to early 2027. Amy Oldenburg expects tokenized real-world assets to reach the $3 trillion–$10 trillion range by 2030. Morgan Stanley now expects to support tokenized equities in Q1 2027, after its previous 2026 target. Limited product availability has held back institutional client demand, according to the bank executive. DTCC’s planned October service launch would support tokenized representations of securities held in its custody.