Standard Chartered analyst Geoffrey Kendrick projects tokenized non-stablecoin RWAs could reach $2T within 2.5 years, driven by institutional adoption through established DeFi protocols.
RWA & Tokenization ·
Geoffrey Kendrick at Standard Chartered has put forward a projection that tokenized real-world assets excluding stablecoins could expand to $2 trillion over the next 2.5 years. According to the analyst, institutional investors entering the market will be a key driver of this growth, routing capital through established decentralized finance platforms including Uniswap and Aave. The timeframe and scale of the estimate reflect confidence in the near-term maturation of infrastructure for handling such assets on blockchain networks.
The projection hinges on institutional participation accelerating adoption of RWA tokenization. By routing flows through protocols with demonstrated operational history, large players may reduce perceived risks associated with newer platforms. The mechanics suggest that as institutional capital becomes more comfortable with on-chain settlement and liquidity provision, transaction volumes and asset values on these systems could expand significantly.
What remains unclear is whether the forecasted adoption timeline holds if regulatory frameworks shift or if institutional risk appetite contracts. The role of newer versus legacy protocols in capturing this activity, and which asset classes among tokenized RWAs see the strongest institutional demand, also remain unspecified.