"Tokenization: A $5T Opportunity Amid Regulatory Turmoil and Poor Crypto Sentiment"
Bernstein estimates that the tokenization opportunity could be as much as $5 trillion over the next five years, led by stablecoins and central bank digital currencies (CBDC), private market funds, securities and real estate. Currency tokenization, via stablecoins and CBDC, will see application in on-chain deposits and payments, with about 2% of global money supply to be tokenized over the next five years, which is about $3 trillion.