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Tokenized digital assets will be a $16 trillion market by 2030

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I blogged about tokenizing everything the other day and my friend Efi made an interesting post the other day, related to this, about a report from the Boston Consulting Group. The report focuses upon India, which claims to be the third largest FinTech economy behind America and Britain, and specifically calls out a few key trends. In particular, as Efi focuses upon WealthTech, alternative asset classes are gaining a major share of investments over traditional assets. The interest is mainly in private markets and in blockchain-based WealthTech platforms that can enable tokenization. Meanwhile 'Robo-advisory' has been losing attention ... but this may change. For example, Boston Consulting Group (BCG) predicts that digital assets that are tokenized will become a $16 trillion business by 2030.

In its September 2023 report `The Second Wave Resilient, Inclusive, Exponential Fintechs’, BCG highlights five major, global trends in FinTech:

Here is the Executive summary:

  • Global Fintech revenues will see five-fold growth to reach $1.5 trillion by 2030
  • APAC (Asia Pacific) will become the centre of gravity for Fintechs globally, along with NAMR (North Americas) – both three times of next best by revenue: APAC and NAMR with $600 billion and $520 billion revenue by 2030
  • Digital Payments and Digital Lending will attain critical mass and generate 60% of global Fintech revenue
  • Neo Banking, InsurTech, and Financial Infra will be exciting spaces – highest growth in revenues across segments
  • Neo Banking is a differentiated opportunity, and SME Services in developed economies as one-stop shop
  • Banking in emerging economies to cater to the unbanked and underbanked population is a big opportunity
  • InsurTech led by B2B (enabling businesses serving other businesses/customers) will grow
  • Financial Infrastructure led by B2B models, to support the growing needs of the Financial ecosystem
  • Global Fintech funding peaked in 2021, followed by 'Funding Winter' in 2022, now showing recovery signs in 2023
  • Pre-seed/Seed Fintechs hit less harshly in 'Funding Winter' (-3%); late stage companies hit harder (-50%)
  • Global funding is evenly distributed across segments, but regional variations occur based on the maturity of the ecosystem
  • Emerging geographies (APAC, LATAM and Africa) will have a higher share of investments in fundamental digital services
  • Payments and Lending will see the developed world (NAMR and Europe) with a higher share of investments in WealthTech and Financial Infrastructure

You can find out more here and, meantime, here’s the report:


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Chris M Skinner

Chris Skinner is best known as an independent commentator on the financial markets through his blog,, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...

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