According to a recent report by Odaily, Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank, predicts that the total market capitalization of tokenized real-world assets (RWAs), excluding stablecoins, will surge from approximately $35 billion currently to $2 trillion by the end of 2028, an increase of about 56 times. He expects "most of the on-chain activity" to occur on Ethereum due to its long-term stability and network effects. The report points out that the adoption of stablecoins paves the way for the on-chaining of other asset classes, including money market funds (MMFs) and stocks.