Standard Chartered: "Non-stablecoin-based real-world asset tokenization will grow rapidly"
Summary
- Standard Chartered stated that currently, stablecoins are leading the real-world asset tokenization market.
- It projected that the non-stablecoin-based RWA tokenization market would grow rapidly in the future.
- The bank noted that tokenizing illiquid assets on the blockchain offers advantages in terms of settlement speed and cost savings.
According to cryptocurrency-focused media outlet CoinDesk on the 18th (local time), British-based global bank Standard Chartered predicted, "Currently, stablecoins are leading the real-world asset (RWA) tokenization market, but in the future, non-stablecoin-based RWA tokenization will grow rapidly."
Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, explained, "When illiquid assets such as private equity funds are tokenized on the blockchain, it offers benefits of faster settlement and cost savings," adding, "On the other hand, for already highly liquid assets like gold and US stocks, the on-chain transition has not provided additional advantages."
He added, "Going forward, as regulatory clarity and technical infrastructure are established, real-world-asset-centric tokenization that maximizes efficiency on the blockchain will continue to expand."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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