Ethereum to Dominate $2T Tokenized RWA Market by 2028
Standard Chartered forecasts the tokenized RWA market will surge from $35 billion today to $2 trillion by 2028, with Ethereum capturing the lion’s share due to its reliability and network effects. The bank highlights stablecoins as the foundation for tokenized RWA market growth, driving awareness, liquidity and on-chain lending on Ethereum. It projects $750 billion in tokenized money market funds and $750 billion in tokenized equities, with $250 billion each in tokenized funds, real estate and private assets. DeFi integration and trading of tokenized RWAs on decentralized exchanges could disrupt traditional finance. US regulatory milestones—the GENIUS Act and the Digital Asset Market Clarity Act—are seen as catalysts for institutional adoption. The main risk is policy delays ahead of the 2026 midterm elections.
Bullish
This forecast is bullish for ETH. In the short term, the positive outlook on the tokenized RWA market and Ethereum’s central role could drive higher demand for ETH as collateral and transaction gas. In the long term, sustained growth to $2 trillion in tokenized RWAs and supportive regulation may lock in continuous network usage and institutional flows into Ethereum, reinforcing its price upside and market stability.