Why do we need stablecoins, CBDCs or bank deposit tokens

Both the Boston Consultancy Group and Singapore-regulated digital exchange, ADDX, believe the global market for digitised real assets is predicted to be worth $16trillion. Citibank, which is America’s third largest bank with $1.7 trillion of assets, believes we are approaching an inflection point. The bank has just released a report, ‘Money, Tokens, and Games’, where it estimates we are going to witness the digitisation of trillions of dollars of assets and billions of users, stating: “Almost anything of value can be tokenized and tokenization of financial and real-world assets could be the “killer use-case”, blockchain needs to drive a breakthrough. We forecast $4 trillion to $5 trillion of tokenized digital securities and $1 trillion of distributed ledger technology (DLT)-based trade finance volumes by 2030”. Another global titan, Blackrock (having $8 trillion under management), would also appear to be a fan on digitisation, with its CEO speaking about tokenisation in his 2023 repor…