Share this article
BNY Sees Stablecoins, Tokenized Cash Hitting $3.6T by 2030 Amid Institutional Adoption
Blockchains won't replace the traditional rails but will be integrated and work in tandem, the bank said in the report.
Nov 10, 2025, 10:41 p.m.
Make us preferred on Google
What to know:
- BNY projected stablecoins and digital cash instruments could reach $3.6 trillion in the next five years.
- The report cited institutional demand and regulatory progress as major accelerators.
- The bank emphasized integration, not replacement, of traditional and blockchain systems.
Stablecoins and other forms of tokenized cash could grow to $3.6 trillion by 2030, according to a fresh report released by financial services giant BNY.
The financial services giant said Monday that stablecoins alone could reach $1.5 trillion in market cap by the end of the decade, with tokenized deposits and money market funds contributing the rest.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
These instruments, collectively referred to as digital cash equivalents, were seen as tools to unlock faster settlement, reduce counterparty risk and improve collateral mobility across markets.
The report highlighted that tokenized assets such as U.S. Treasuries and bank deposits could help institutions optimize collateral management and streamline reporting processes. For example, a pension fund might one day use a tokenized MMF to post margin for a derivatives contract almost instantaneously, a scenario BNY says could become more common as systems evolve.
Regulation remains a key enabler, the report noted. The bank pointed to the EU’s MiCA legislation and ongoing policy work in the U.S. and Asia-Pacific as signs that the regulatory environment was maturing in ways that could support both innovation and market stability.
"We stand at a powerful inflection point that may fundamentally transform how global capital markets function and how its participants transact," said Carolyn Weinberg, BNY's chief product and innovation officer.
She envisioned a future where blockchain doesn't replace the traditional rails but work in tandem. "The combination of traditional and digital has the potential to be a powerful unlock for our clients and the world," she added.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Sizin için daha fazlası
Specialized AI detects 92% of real-world DeFi exploits
New research claims specialized AI dramatically outperforms general-purpose models at detecting exploited DeFi vulnerabilities.
Bilinmesi gerekenler:
- A purpose-built AI security agent detected vulnerabilities in 92% of 90 exploited DeFi contracts ($96.8 million in exploit value), compared with 34% and $7.5 million for a baseline GPT-5.1-based coding agent running on the same underlying model.
- The gap came from domain-specific security methodology layered on top of the model, not differences in core AI capability, according to the report.
- The findings come as prior research from Anthropic and OpenAI shows AI agents can execute end-to-end smart contract exploits at low cost, accelerating concerns that offensive AI capabilities are scaling faster than defensive adoption.
Top Stories
