Standard Chartered: On-Chain Tokenized Assets Expected to Reach $4 Trillion by End of 2028

Odaily Planet Daily: Standard Chartered predicts that the scale of on-chain tokenized assets will reach $4 trillion by the end of 2028, split equally between stablecoins and real-world assets.

Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, stated that mature DeFi protocols with strong risk indicators will be the primary beneficiaries. The composability of DeFi is a core advantage; for example, BlackRock's BUIDL fund, with approximately $2.85 billion in assets under management, can generate yield while serving as collateral and maintaining liquidity. The passage of the Clarity Act is seen as a near-term catalyst accelerating the shift from traditional channels to DeFi.

Data shows that the largest DeFi lending protocol, Aave, previously ranked 38th among U.S. banks in terms of asset size. On-chain stablecoin daily lending volume reaches $1.5 billion to $2 billion, and the lending product launched by Coinbase in partnership with Morpho has a loan volume of $1.75 billion. (The Block)