By 2030, Blockchain and Digital Assets Could Be the Foundation for a European Trillion-Dollar Market
A new study by Berlin-based consulting firm zeb consulting paints a rosy picture of the future of digital assets in Europe. According to the report, the current market size of around $240 billion could swell to a staggering $3.7 billion by the start of the next decade. This optimistic forecast is based on expert interviews and a survey of financial institutions in six countries, with a focus on the DACH region, the Netherlands, and Luxembourg.
The study's "best-case" scenario includes the widespread adoption of central bank digital currencies (CBDCs) by 2027. The report's authors believe that tokenized assets, such as real estate and securities, could reach a market capitalization of up to $1.9 billion, while crypto assets like Bitcoin could reach $1.03 billion.
For this optimistic scenario to come to fruition, however, the availability of stablecoins and CBDCs is crucial. These digital currencies would provide the necessary liquidity and drive the adoption of tokenized assets. The study also emphasizes the importance of regulation in Europe, which would provide much-needed clarity for financial institutions.
While the majority of financial players are still cautious about digital assets, the study notes that there is a growing interest in basic services like custody, which can be used for various digital assets. However, more complex services like staking are still plagued by regulatory uncertainties, which is holding back traditional financial institutions.
Despite these challenges, the study concludes that there is a clear positive trend in the adoption of digital assets in Europe, even in the face of a crypto winter and regulatory hurdles. As more financial institutions begin to offer their customers the ability to trade cryptocurrencies, the stage is set for a massive growth spurt in the digital assets market.
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