Tokenization is booming: market value reaches 2 trillion by 2028!
Ethereum will grow to over $2 trillion in tokenization by 2028, supported by DeFi innovations, according to Standard Chartered.

Tokenization is booming: market value reaches 2 trillion by 2028!
On November 1, 2025, Standard Chartered Bank makes a remarkable prediction about the future of the tokenized real-world assets market. According to this, the value of this market, which is currently around $35 billion, will rise to almost $2 trillion by 2028. Geoffrey Kendrick, head of digital assets research at Standard Chartered, expressed this sentiment in a recent report.
The strong growth forecast correlates with the bank's expectations for the stablecoin market. Kendrick highlights that decentralized finance (DeFi) systems can be viewed as a serious alternative to traditional financial systems that rely on centralized intermediaries. In his report, he notes that stablecoins have contributed to increased awareness, liquidity, and lending/borrowing on-chain, allowing other asset classes to be transferred on-chain at scale.
Ethereum as a leading platform
A key point in Kendrick’s analysis is the role of the Ethereum network in the tokenization industry. The blockchain network is expected to capture the majority of the growth potential. Kendrick highlights that Ethereum has been operating stably and reliably for over a decade without a main network outage.
Standard Chartered's estimates suggest that tokenized money market funds and listed stocks will each contribute about $750 billion to the total $2 trillion market. Other asset classes, including private equity, commodities, corporate debt and real estate, will account for the remaining market share.
A busy year for DeFi
In 2025, the growing adoption of stablecoins has transformed DeFi into a mainstream financial ecosystem. Non-bank entities are now able to manage payments and savings, intensifying competition with traditional financial solutions. Kendrick highlights the lending and tokenization of real-world assets as crucial segments where DeFi protocols can pose a serious challenge to traditional finance.
The use of stablecoins in developed markets helps improve on-chain liquidity and promotes innovative services in the DeFi space, such as lending and borrowing. However, despite the positive outlook, Standard Chartered warns of potential risks that could arise if the US does not establish clear regulatory guidelines before the 2026 midterm elections.
In summary, Standard Chartered's forecast shows that the environmental landscape for digital assets and tokenization is poised for a dramatic change. With a solid regulatory foundation, the market for tokenized assets could flourish and further showcase the potential of DeFi. You can find out more about this topic in the article by FXStreet.