-
Tokenized real-world assets (RWAs) could hit $2 trillion by 2028, up from $35 billion.
-
The vast majority of tokenization will occur on Ethereum.
-
Money-market funds and equities are projected to dominate.
Massive Growth Expected in Tokenized Assets
Standard Chartered forecasts that the tokenized RWA market could grow to $2 trillion by 2028, a 56-fold increase. The bank expects Ethereum to host most of this activity due to its reliability and decade-long track record of network stability.
Breakdown of Tokenized Markets
The report estimates $750 billion each for tokenized money-market funds and listed equities, followed by $250 billion each for tokenized funds and illiquid assets like real estate and private equity.
DeFi’s Expanding Role in Traditional Finance
Analyst Geoffrey Kendrick said the growth of stablecoins and DeFi lending has laid the foundation for real-world tokenization. If RWAs begin trading on decentralized exchanges, it could disrupt traditional stock markets and accelerate DeFi adoption.
Regulatory Clarity Driving Adoption
Kendrick noted that U.S. legislation such as the GENIUS Act and the upcoming Digital Asset Market Clarity Act are paving the way for institutional participation. However, he cautioned that progress could slow if regulators fail to finalize rules before the 2026 midterm elections.
