Standard Chartered Foresees Expansion Beyond Stablecoins in Asset Tokenization

Standard Chartered's research highlights a pivotal shift in blockchain's real-world asset tokenization, moving beyond stablecoins' current dominance. With $23 billion in non-stablecoin RWAs—a mere 10% of the stablecoin market—the bank projects exponential growth as regulatory frameworks mature in jurisdictions like Singapore, Switzerland, and the EU.

"Tokenization must target assets where on-chain advantages are undeniable," asserts Geoff Kendrick, Standard Chartered's digital assets research lead. The focus sharpens on private credit and assets benefiting from enhanced liquidity, reduced settlement times, or native blockchain utility. While inconsistent KYC rules pose hurdles, the bank identifies untapped potential in solving on-chain needs that traditional finance cannot address.