According to a report released by HSBC in cooperation with Northern Trust: by 2030, digital assets are expected to account for 10% of global assets , and the global asset market may reach 145.4 trillion US dollars in 2025, which means This means that the valuation of digital assets may exceed 14.5 trillion US dollars, which is nearly 15 times the current total market value of cryptocurrencies (about 1 trillion US dollars).
At the same time, the report stated that as technological innovation drives change, cryptocurrencies, stablecoins, central bank digital currency (CBDC), and infrastructure for securities digitization are already changing the landscape, and as the DeFi ecosystem continues to develop, across multiple Asset security and integrity of blockchain and protocols will become increasingly important.
Innovation in Cryptocurrency Technology
The report writes that tokenization has become one of the key catalysts for change, making the industry more disintermediated and democratized. Tokenization is improving transparency, cost efficiency, and affecting transactions, pricing, and securities liquidity at all levels. And it is possible to create more efficient clearing and settlement.
In HSBC's view, tokenization is a disruption that has implications for all stakeholders in the industry, especially asset servicers, as asset servicers seek to build sustainable solutions for the future, thereby creating a more A collaborative environment, tokenization and the broader growth of the digital world are challenging the asset servicer operating model.
The report also added that the market is embracing tokenization as a means of monetizing assets and digital tokens (including cryptocurrencies), and the global NFT market size is expected to grow from $3 billion in 2022 to $13.6 billion in 2027. The CAGR from 2022 to 2027 is 35.0%.
Will Ripple dominate the market?
At the time of the release of this report, many members of the Ripple community were also encouraged to believe that Ripple (XRP) is expected to dominate the cryptocurrency market. Linda Jones, a Wall Street financial analyst who supports Ripple, tweeted:
Yes, (digital asset market cap) numbers are that big ($14.5 trillion)
Money will flow in digital form, you have very valuable assets, and you are not wrong to get in early.
Question: If you knew you owned the next Microsoft or Apple stock, would you rush to sell early on? #ripplecoin
Yes, the numbers are that big ($14.5 T). The money will flow digitally and you own a very valuable asset. You are early, not wrong. Question:
If you knew you owned the next Microsoft or Apple stock, would you be in a rush to sell in its early days? #XRP https://t.co/6g2qJw1B3N— Linda P. Jones (@LindaPJones) August 20, 2023
Previously, Ripple (Ripple) won a preliminary victory in the lawsuit against the US Securities and Exchange Commission (SEC) on July 13. The judge made a summary judgment that: Ripple’s sale of XRP through the exchange does not constitute a security, but the SEC has A letter was filed with the Southern District of New York requesting an "interlocutory appeal" of the ruling in the Ripple case, which is currently in the court process.
