Standard Chartered: RWA tokenization expected to reach $2 trillion in 2028, mostly on Ethereum
2025-10-30 22:45:59
Geoffrey Kendrick, head of digital asset research at Standard Chartered, predicts in a new report that the total market capitalization of real-world assets (RWA) tokenized, excluding stablecoins, will surge from about $35 billion today to $2 trillion by the end of 2028, an increase of about 56-fold. He expects "most of this on-chain activity" to occur on Ethereum, due to its long-term stability and network effects. The report notes that the popularity of stablecoins paves the way for other asset classes to go on-chain, including money market funds (MMFs) and equities.
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