BNY "Stablecoin·tokenized cash market to reach $3.6 trillion within 5 years"

Global financial group BNY (Bank of New York Mellon) predicted that the stablecoin and tokenized cash markets will grow to $3.6 trillion (about KRW 5,000 trillion) by 2030.

On the 11th (local time), according to CoinDesk, BNY said in a report, "Institutional demand and regulatory progress are the key drivers of growth in the digital cash asset market," and added, "Stablecoin market capitalization will reach $1.5 trillion by 2030." It analyzed that the remainder would be made up by tokenized deposits and money market funds (MMFs).

BNY collectively classifies these products as 'Digital Cash Equivalents' and explained that they will be key tools for fast payments, improved collateral mobility, and mitigation of counterparty risk.

The report particularly assessed that tokenized U.S. Treasuries or bank deposits could help improve institutional investors' collateral management and reporting efficiency. For example, it foresaw that an environment in which pension funds could immediately post tokenized MMFs as margin for derivative contracts could soon become commonplace.

It also emphasized, "The global capital market is currently at a fundamental turning point," adding, "This will change the way market participants trade and their operating systems."

It projected that regulation would especially act as a key catalyst for growth. The analysis said the implementation of the EU's MiCA regime and policy discussions in the U.S. and the Asia-Pacific region would simultaneously promote innovation and market stability.

Carolyn Weinberg, Head of Products and Innovation at BNY, said, "Blockchain will function complementarily rather than replace existing financial infrastructure," and "The combination of traditional finance and digital assets will be a powerful key to unlocking new market innovations."