Standard Chartered expecting growth in non-stablecoin tokenization

An analyst at British banking group Standard Chartered (SC) believes that while stablecoins are currently leading the real world asset (RWA) tokenization market, non-stablecoin tokenization is also expected to grow significantly in the future, CoinDesk reported. SC’s Head of Digital Assets, Geoff Kendrick, claims that products with low liquidity such as private equity funds have shown faster settlement and cost efficiency when tokenized, while attempts to tokenize already highly liquid assets such as gold or U.S. stocks have failed to provide on-chain benefits. As regulatory clarity improves, Kendrick believes that the market for tokenizing assets that can gain greater benefits on the blockchain will grow.