Citigroup: Crypto Assets are expected to process one-tenth of the world's post-trade market by 2030

According to a Citi survey, it is expected that one-tenth of global after-trading market turnover will be processed through stablecoins and tokenized securities in less than five years. The investment bank said in its Securities Service Evolution Report released on Tuesday that stablecoins issued by banks are seen as the main way to support collateral efficiency, tokenization of funds and private equity securities. The report surveyed 537 custodians, banks, brokerage dealers, asset managers and institutional investors from the Americas, Europe, Asia Pacific and the Middle East between June and July, with more than half of respondents saying their companies are also piloting the application of generative artificial intelligence (GenAI) in the post-trading process. The post-trading market ensures that securities transactions are verified, executed and finalized. Wall Street's interest in stablecoins is heating up as the United States passed the stablecoin regulation bill earlier this year.