StanChart: Tokenized asset market to reach $2T by 2028

The tokenized asset market is projected to grow from its current size of $35 billion to $2 trillion by 2028, according to a forecast from Standard Chartered. Geoff Kendrick, Head of Digital Assets Research at the bank, explained that this year's stablecoin boom is accelerating the transition of decentralized finance (DeFi) from the cryptocurrency market into mainstream finance. He added that the widespread use of stablecoins will inject on-chain liquidity, fostering innovation in DeFi and driving rapid growth in the real-world asset (RWA) tokenization sector. Kendrick also noted that while there is a possibility U.S. authorities may not establish regulatory clarity before the 2026 midterm elections, he views this as a low-probability scenario.