DTCC, Clearstream, Euroclear, and Boston Consulting Group have unveiled a blueprint to build a $16 trillion digital asset ecosystem by 2030.

The key points are:

The partners see a $16 trillion business opportunity in the tokenization of global illiquid assets, but progress on institutional adoption has been slow due to fragmented innovation and small-scale initiatives.

The blueprint outlines six principles to facilitate the successful adoption of tokenization and digital asset securities, excluding cryptocurrencies. These principles cover legal certainty, regulatory compliance, resilience and security, safeguarding customer assets, connectivity and interoperability, and operational scalability.

The principles aim to provide a roadmap for the industry to collaborate and establish comprehensive standards for the digital asset marketplace. The paper also introduces risk management controls to help firms mitigate potential risks associated with digital assets.

The partners conducted an analysis reviewing around 100 regulations and whitepapers, as well as over 20 interviews with market participants and technology vendors, to develop this framework.