Standard Chartered projects on-chain tokenized assets will reach $4T by 2028

Standard Chartered has projected that the market for on-chain asset tokens will reach $4 trillion by 2028. The bank expects this market to be evenly split between stablecoins and Real-World Asset (RWA) tokens. Geoffrey Kendrick, Head of Crypto Research at Standard Chartered, explained that the core competitive advantage of DeFi is its composability. He described this as a structure where a single asset can simultaneously generate yield, serve as collateral, and provide liquidity. Kendrick noted that implementing such a structure is difficult in traditional finance, as it requires navigating multiple institutions and markets to perform the same functions. He added that while the current scale of on-chain assets remains very small compared to off-chain assets, there is potential for rapid growth in the future.