Standard Chartered "Tokenization market size to reach $2 trillion by 2028"

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Summary

Standard Chartered Bank said the tokenized real-world asset (RWA) market will grow to $2 trillion by 2028.
The report cited the activation of stablecoins and decentralized finance (DeFi) as having the potential to replace existing securities exchanges.
It also forecast that Ethereum (ETH) will be a major platform in the tokenization market and is expected to benefit significantly as its reliability is recognized.

Standard Chartered Bank projected that the tokenized real-world asset (RWA) market will grow to $2 trillion by 2028. This would represent an expansion of more than 56 times from the current level of about $35 billion.

According to The Block on the 30th (local time), Standard Chartered said in a report, "Stablecoins have activated on-chain liquidity and borrowing and lending activity, laying the groundwork for moving real-world assets onto blockchains," and "The tokenization market will reach $2 trillion by 2028."

It went on to explain, "Decentralized finance (DeFi) has actually begun to shake up traditional finance," and "If tokenized assets are traded on decentralized exchanges (DEXs), they could potentially replace existing securities exchanges." It added that lending and real-asset trading would be major growth areas for DeFi.

It also expected Ethereum (ETH) to be a major beneficiary. The report said, "The majority of tokenization market activity will take place on Ethereum," adding, "Ethereum's reliability has been proven, having operated for more than 10 years without major incidents."