Grayscale Research has released a new report detailing three innovative models for tokenized equities, potentially redefining capital markets. Led by Zach Pandl, the head of research, the report suggests that tokenized stocks could surge from the current $30 billion to a staggering $30 trillion by 2030.
Currently, tokenized assets represent only about 0.01% of the global equity and bond markets. This segment grew impressively by 217% over the past year, fueled mainly by US Treasuries. Grayscale’s projection indicates a massive potential expansion, estimating a 1,000-fold increase in value by 2030.
Models for Tokenization
The report identifies three distinct approaches. First is the wrapper model, which dominates today, accounting for over 70% of market capitalization. In this scenario, traditional stocks exist alongside their tokenized forms, trading on blockchains like Ethereum, Solana, and BNB Chain.
Next, the entitlement model aims to bridge traditional finance with blockchain technology. This model is currently being tested by the DTCC on the Canton Network, focusing on enhancing post-trade processes through blockchain's efficiencies while adhering to regulatory standards.
Finally, the issuer-native model allows companies to issue stocks directly on the blockchain, removing intermediaries. Securitize set a precedent as the first public company to achieve this, tokenizing its common stock alongside its NYSE listing in July 2026.
Grayscale believes that all three models will coexist, with the choice of model depending on factors like asset type and regulatory frameworks. They highlight that while issuer-native models show significant potential for growth, clearer regulations will be essential for their widespread adoption.
Investors interested in the future of tokenized equities should watch out for developments on blockchain networks such as Ethereum, Solana, BNB Chain, Avalanche, and the Canton Network. The $30 trillion figure, while ambitious, reflects the dynamic growth potential of this market segment, albeit starting from a very small base in a much larger financial landscape.
This article is for informational purposes only and is not financial advice.
