Standard Chartered: Tokenized Assets to Hit $2T by 2028
Standard Chartered forecasts tokenized assets expanding from $35 billion today to $2 trillion by 2028. Stablecoins, with a combined market cap above $308 billion—led by USDT and USDC and supported by DAI, USDe and USDS—will underlie much of this growth. Geoffrey Kendrick, head of digital asset research, predicts tokenized assets in money market funds and listed equities will each reach $750 billion, with the remainder split across debt, commodities, private equity and real estate.
Institutional adoption and blockchain infrastructure upgrades by banks and asset managers are accelerating the shift to tokenized assets. Firms such as Oracle and IPDN have already begun tokenizing traditional securities. Traders should monitor stablecoins, DeFi protocols and Ethereum network upgrades for new opportunities as tokenized assets drive faster, global transactions and enhanced liquidity.
Bullish
This forecast signals strong growth and broader institutional adoption of tokenized assets, boosting demand for blockchain networks—especially Ethereum, the preferred platform. In the short term, positive sentiment around stablecoins and DeFi protocols can drive higher trading volumes and network fees, supporting ETH prices. Over the long term, tokenized asset issuance and on-chain liquidity could cement Ethereum’s role as a settlement and collateral layer, creating sustained bullish pressure on ETH.