Deutsche Bank Tokenized Assets News: $4 Trillion Market Seen by 2035
RWA Signal Insight
InfrastructureDeutsche Bank Research Institute released a report on September 16, 2026, projecting the tokenized real-world asset market to reach between $3 trillion and $4 trillion by 2035. The analysis, authored by Marion Laboure and Camilla Siazon, excludes stablecoins to focus on the structural shift in financial product issuance and settlement. Data indicates the market grew from approximately $10 billion in January 2025 to $39 billion by September 2026, representing a nearly fourfold increase. The report highlights the convergence of traditional asset managers like BlackRock and Franklin Templeton with blockchain-native platforms such as Ondo Finance and Circle. By framing these projections as conservative, the bank suggests that regulatory clarity and institutional adoption could accelerate this growth trajectory. This research signals that tokenization is transitioning from experimental pilot programs into core financial infrastructure. The findings underscore a long-term trend where blockchain rails complement existing systems to enhance settlement efficiency across global markets.
Key points
- Deutsche Bank forecasts $3 trillion to $4 trillion in tokenized assets by 2035.
- Tokenized market grew from $10 billion in January 2025 to $39 billion by September 2026.
- Report identifies BlackRock, Franklin Templeton, Ondo Finance, and Circle as key market providers.
- Research excludes stablecoins to isolate growth in tokenized real-world assets.
Background
Deutsche Bank is a leading global investment bank and financial services company that provides research and advisory services to institutional clients. The Deutsche Bank Research Institute regularly publishes reports analyzing macroeconomic trends, financial technology, and the evolution of digital asset infrastructure. These reports serve as industry benchmarks for assessing the integration of blockchain technology into traditional financial systems.