Bank of New York Mellon: The scale of stablecoins and tokenized cash could reach $3.6 trillion by 2030

According to a report by CoinDesk, the latest report from BNY Mellon states that by 2030, the scale of stablecoins and tokenized cash could reach $3.6 trillion, with the market value of stablecoins expected to be $1.5 trillion, and the remainder consisting of tokenized deposits and money market funds.

These digital cash equivalents can accelerate settlement, reduce risk, and enhance collateral liquidity. The report points out that tokenized assets such as U.S. Treasuries and bank deposits can help institutions optimize collateral management and streamline processes. In the future, pension funds may be able to use tokenized money market funds to margin derivative contracts instantly, making such scenarios more common.

The report believes that regulation is a key driving force, with the EU's Markets in Crypto-Assets Regulation and ongoing policy work in the U.S. and Asia-Pacific indicating that the regulatory environment is maturing, likely supporting both innovation and market stability.

The report argues that blockchain will not replace traditional systems but will work in conjunction with them, combining traditional and digital to bring significant value to customers and the global economy.