花旗银行：2030资产代币化研究报告：链上华尔街（2026）（英文版）（55页）.pdf

1、June 2026Global Perspectives&SolutionsTokenization 2030Wall Street On-Chain 2026 CitigroupCiti Institute Global Perspectives and Solutions2AuthorsPrag SharmaFuture of Finance,Citi Institute Ronak ShahFuture of Finance,Citi Institute Savina Chahal Citi Institute Ronit GhoseGlobal Head,Future of Finan

2、ce,Citi Institute Sophia BantanidisFuture of Finance,Citi Institute Kaiwan MasterFuture of Finance,Citi Institute 2026 CitigroupCiti Institute Global Perspectives and Solutions3ContributorsPeter BainBlockstreamAdi Ben-AriApplied BlockchainMatthew BlumenfeldPwCJeff BoortzBlockstreamGiang BuiSecuritiz

3、eCraig ChatfieldCiti ServicesDavid CunninghamConsensys Pablo GrecoBlockstream Alexander IvanovCiti Investment BankingJustin KarolCiti ServicesLory KehoeAave LabsArtem KorenyukCiti Client Business DevelopmentJoseph LubinEthereum/Consensys Blue MacellariT.Rowe PriceNate MarquissBlockstreamRyan MarshCi

4、ti ServicesAlex Miller Citi InstituteAndrew MulleyCiti ServicesTrevor PritchardAlphaparty CapitalSebastian PulidoAave LabsDeborah QuerubCiti WealthChris Rayner-CookBrevan Howard DigitalRob de RozarioAlphaparty CapitalRyan RuggCiti ServicesGabriel SadounBlockstreamSuzy SinghSecuritizeGermn Soto Sanch

5、ezBroadRidgeSolomon TesfayeAptos LabsNadine Teychenne Citi ServicesAjit TripathiAsango Limited Ebba WexlerCiti Investment Banking 2026 CitigroupCiti Institute Global Perspectives and Solutions5ContentsSummary and Key Takeaways 6Uneven Progress,But an Undeniable Shift 8Evolution,Not Revolution.9Towar

6、ds Operational Reality.10Why Do We Need Tokenization?.16How Big is the Market?.19Why Tokenization Lagged.24Are Private Markets a Natural Fit for Tokenization?.26Implications for Capital Markets 28Reshaping Capital Market Structure.29Who Controls the Ecosystem?.34Different Clients,Different Adoption