Forecast: market development of digital assets in Europe compared to Germany in EUR billion
It shows that the market volume of digital assets in Europe (including Switzerland) is expected to be close to EUR 1 trillion in 2025, rising to EUR 5.6 trillion by 2030. Germany’s share of the European market for cryptocurrencies and security tokens is around 28%. In Germany, the market volume for all digital assets, including cryptocurrencies, is expected to increase by a factor of 2.5 between 2023 and 2025.
With the introduction of the eWpG and the creation of a new market infrastructure to enable this new type of issuance in the German financial market, crypto-securities (here including crypto-fund units and, in the long term, crypto-shares according to the eWpG) are estimated to reach a market volume of EUR 430 billion in 2030.
 Forecast for cryptocurrencies based on current market capitalization incl. growth rate of 35% (2023–2026) and 30% (2027–2030) p.a.; forecast for security tokens based on relevant asset classes (PE and VC, real estate, etc.) incl. weighted conversion rate of 0.18% (2022) and growth rate of 90% (2023–2026) and 50% (2027–2030) p.a.; Europe’s (incl. Switzerland (CH)) share of global cryptocurrency and security token market volume is ~20% (CH ~1%) / CH forecast for cryptocurrencies and security tokens based on CH share of global GDP; Germany’s (DE) share of global cryptocurrency and security token market volume is ~4.4%; forecast for crypto-securities based on crypto-securities issued to date in DE incl. growth rate of 80% (2023–2026) and 50% (2027–2030) p.a.; forecast increase of cryptocurrencies in 2023 and 2024 due to expansion of regulatory framework (especially MiCAR).