The Tokenization Opportunity Calculator

The financial world is on the cusp of a monumental transformation—and it's called tokenization. A visual from REDeFiNE TOMORROW 2025, featuring commentary from Fireblocks' Michael Shaulov and Nansen's Alex Svanevik, offers a clear snapshot of where we are today and where we're headed: a world where every asset—from government treasuries to art—is digitally represented on blockchain.

From 0.05% to $550 Trillion: A Market in Waiting

Today, only 0.05% of the $28 trillion U.S. Treasuries market is tokenized—roughly $7.39 billion. That’s the tiny yellow wedge in the "Treasuries Tokenization" chart. The rest remains untouched, grey, and waiting.

Yet this sliver represents merely Level 1 of a much larger tokenization journey. According to the Tokenization Opportunity Calculator, if we unlock other asset classes—stocks, bonds, real estate, commodities—the potential total addressable market explodes to $550 trillion. Tokenizing even 1% of that would unleash a $5.5 trillion market.

Layering Value: A Step-by-Step Expansion

The calculator outlines a tiered roadmap of asset class integration:

• Level 1: Treasuries — $28T (currently $7.39B tokenized)
  
• Level 2: Bonds — Add $130T
  
• Level 3: Stocks — Add $100T
  
• Level 4: Real Estate — Add $280T
  
• Level 5: Art/Commodities — Add $20T
  

Cumulatively, these levels reflect the fastest-growing opportunity in modern finance, made tangible by blockchain infrastructure.

The Rails Are Ready

Both Fireblocks and Talos—leading infrastructure builders—affirmed during the REDeFiNE TOMORROW summit that the core tools are now live. Michael Shaulov described the current moment as “Day One,” noting that "the infrastructure is here, regulation is getting clearer, and capital markets are beginning to move". Meanwhile, Alex Svanevik echoed this, saying “Every asset will get tokenized”.

It’s Not If, It’s How Fast

As highlighted in the caption of the calculator graphic: “Treasure is just the beginning.” The key question now is no longer whether tokenization will happen—but how quickly we can scale. The infrastructure is mature. Regulation is warming up. The capital is interested. The market is watching—and the rails are waiting.

In Summary

• Current tokenization is only 0.05% of the $28T Treasuries market (~$7.39B tokenized).
  
• The full tokenizable market is estimated at $550 trillion if all major asset classes are included.
  
• Tokenizing just 1% of this would create a $5.5 trillion opportunity.
  
• Infrastructure builders like Fireblocks and Talos say “the rails are ready.”
  
• Tokenization is no longer a hypothesis—it’s about how fast it will scale, not if.