The crypto community is buzzing over a projection that the market for tokenized real-world assets (RWAs) could soar to $30 trillion by 2030, a figure initially reported by Standard Chartered Bank and Synpulse.

This ambitious forecast, which suggests RWAs could reach this valuation by 2034, has been met with skepticism from industry experts.

Jamie Coutts, chief crypto analyst at Real Vision, critiques this projection, proposing a more realistic target of $1.3 trillion based on a 121% compound annual growth rate.

Coutts notes that if the current growth rate continues, the market for tokenized traditional assets could indeed reach around $1.3 trillion by 2030.

He emphasizes that even this more conservative estimate could have a significant impact on the Web3 ecosystem, particularly in sectors like NFTs and gaming.

In contrast, a McKinsey & Company report predicts a more measured growth, estimating that tokenized financial assets could achieve a market size of about $2 trillion by 2030.

Other studies suggest that the global value of tokenized illiquid assets could reach $16 trillion by 2030, while Citigroup forecasts that $4 trillion to $5 trillion in tokenized digital securities may be issued by then.

Research from RippleX further estimates that the future value of tokenized markets could be as high as $16 trillion, significantly exceeding the current cryptocurrency market capitalization.

Tokenization involves converting physical assets like real estate and stocks into digital tokens for trading on blockchain platforms, enhancing liquidity, transparency, and accessibility.

Coutts raises concerns about the 'Ethereum dilemma', where scaling the Ethereum network could lead to revenue loss to layer-2 solutions.

He expresses worries about how value accrual on Ethereum might be impacted as layer-2 networks capture a larger share of the revenue.

Despite these concerns, large firms like Goldman Sachs are actively pursuing tokenization and preparing to launch new tokenized products in the near future.