British bank Standard Chartered (LON: $STAN) forecasts that $4 trillion U.S. of tokenized assets will be on chain by the end of 2028.
The lender adds that tokenized assets should be equally split between stablecoins and real-world assets such as stocks and bonds.
The bullish projection has been made by Geoffrey Kendrick, the bank’s global head of digital assets research.
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He foresees a $2 trillion U.S. stablecoin supply target and a $2 trillion U.S. tokenized market for real-world assets by the end of 2028.
Standard Chartered sees exponential growth for tokenized assets as investors flock to them, attracted by their convenience and yield.
Kendrick points to BlackRock’s (NYSE: $BLK) successful tokenized U.S. Treasury money-market fund called the “BlackRock USD Institutional Digital Liquidity Fund” (NASDAQ: $BUIDL).
That fund had attracted $2.85 billion U.S. in capital since launching earlier this year and is an example of his concept in practice, says Kendrick.
The BlackRock fund offers investors a 4% yield, trades around the clock, and is highly liquid. Kendrick sees these benefits as attracting more investors in the next few years.
There are currently 1,000 times more assets off chain than on chain, notes the Standard Chartered analyst in his forecast.
STAN stock has risen 66% in the last 12 months to trade at 1,918.50 British pounds in London.
