Standard Chartered sees tokenized real-world assets reaching $2 trillion by 2028 — ‘vast majority’ on Ethereum

Standard Chartered Bank forecasts that the market capitalization for tokenized real-world assets (RWAs), excluding stablecoins, will surge from $35 billion currently to $2 trillion by 2028, representing a 5,600% increase. Geoffrey Kendrick, the bank's head of digital assets research, attributes this growth to stablecoins laying the groundwork for broader on-chain activity. Kendrick expects the "vast majority" of this tokenized market to reside on Ethereum due to its decade-long reliability, dismissing speed or cost advantages of other chains as irrelevant. By 2028, tokenized money market funds and listed equities are each projected to account for $750 billion of the total, with tokenized funds and less liquid assets making up the remainder. Kendrick believes DeFi is starting to disrupt traditional finance (TradFi), particularly through lending and RWAs traded on decentralized exchanges. He notes that regulatory clarity, potentially accelerated by the U.S. GENIUS Act and the expected Clarity Act, will further legitimize asset tokenization and DeFi growth, though regulatory uncertainty remains a minor risk.

(Source：The Block)