News listStandard Chartered Sees $4T in Tokenized Assets Moving On-Chain by 2028
Bitcoin.com2026-05-19 00:30:58

Standard Chartered Sees $4T in Tokenized Assets Moving On-Chain by 2028

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Standard Chartered expects DeFi protocols to gain importance as $4 trillion in tokenized assets move on-chain. The bank says stablecoins and real-world assets could expand protocol activity through deposits, lending, and capital efficiency. Standard Chartered Sees $4T in Tokenized Assets Moving On-Chain by 2028 Key Takeaways - Standard Chartered expects tokenized assets to expand DeFi protocol use and activity. - Forecasts place on-chain assets at $4 trillion by the end of 2028, split between stablecoins and RWAs. - Institutions may favor established platforms, though regulatory and technical risks remain. Tokenized Assets Put DeFi Protocols in Focus Standard Chartered Bank forecast in a report published on May 18 that tokenized assets on blockchain networks will reach $4 trillion by the end of 2028, with decentralized finance ( DeFi) protocols expected to become core infrastructure. Geoff Kendrick, global head of digital assets research, said the market will split evenly between stablecoins and tokenized real-world assets ( RWAs). The report identifies three channels for higher DeFi throughput. More assets can move on-chain, a larger share of those assets can be deposited into DeFi, and lending against on-chain assets can increase. Standard Chartered said those drivers are multiplicative for protocol activity and token prices. Standard Chartered wrote: “We forecast that there will be USD 4tn of tokenised assets on-chain by end-2028, half in stablecoins and half in non- stablecoin RWAs.” Composability is central to the bank’s view. Tokenized assets can settle instantly, trade continuously, support permissionless issuance, and serve several functions at once. A single position can earn yield, collateralize a loan, and remain liquid, improving capital efficiency compared with traditional financial systems. Institutional Adoption May Support DeFi Expansion Institutional links are already forming through DeFi back-end infrastructure. Standard Chartered cited Coinbase’s connection with Morpho through a bitcoin lending product. Coinbase provides front-end and custody services, while Morpho supplies lending logic, the liquidation engine, and the capital pool. The product has about $1.75 billion in loans across 22,000 borrowers. Established protocols could benefit as traditional finance brings more assets on-chain. The bank said operators are likely to favor platforms with strong risk metrics and professional governance. It also highlighted regulatory uncertainty, smart contract risk, oracle dependencies, governance issues, and user-experience gaps as key risks. Standard Chartered added: “The transition from TradFi to DeFi is underway. DeFi protocols are the infrastructure native to tokenised assets – they are the exchanges, clearinghouses, lending desks, and asset managers of the tokenised world, running as autonomous software.” Other tokenization data shows a broader institutional buildout. Binance Research projected tokenized assets could reach $1.6 trillion by 2030, with Treasury products, gold-backed commodities, and tokenized public equities among the clearest adoption areas. Chainalysis said RWAs were approaching $30 billion in assets under management, while separate market data showed the tokenized RWA market reached at least $34.5 billion in May, with reports also citing a $37.5 billion market capitalization figure, after roughly 100% year-over-year growth. Bitcoin Dip-Buy Signal Emerges as Retail Fear Overtakes Optimism Bitcoin Dip-Buy Signal Emerges as Retail Fear Overtakes Optimism BTC’s slide toward $76,000 pushed bitcoin sentiment into bearish territory, according to Santiment. The firm said retail pessimism hit its… Read NowBTC’s slide toward $76,000 pushed bitcoin sentiment into bearish territory, according to Santiment. The firm said retail pessimism hit its…
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Published:2026-05-19 00:30:58
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