Stablecoins dominates the tokenization (RWA) of real-world assets, but Standard Charter (Stan) says it sees signs of a wider shift.
It said in a research note on Wednesday that there is only $23 billion of nonstable RWAS, about 10% more than the Stablecoin market size, and investment banks expect focus to shift to assets that make more meaningful in links as regulatory clarity improves.
Tokenization is one of the main uses of blockchain technology, which has attracted people’s attention and investment tradfi world. Stablecoins are cryptocurrencies Its value is related to other assets, such as USD or gold. They play an important role in the cryptocurrency market and are also used to transfer funds internationally.
The bank notes that jurisdictions such as Singapore, Switzerland, the EU and jerseys have made progress in regulation, but inconsistent people know that your customer (KYC) rules remain a barrier.
The report said the opportunity still lies in the assets that increase real value for nationalization.
“To unlock growth potential, we believe that tokenization efforts need to focus on chain-chain assets that are cheaper and/or liquider than their off-chain equivalents, or address chain-based demands,” wrote Geoff Kendrick, head of standard assets research at Standard Lease.
The bank notes that tokenized private credit demonstrates commitment by providing faster settlements and cost efficiency.
By contrast, efforts such as gold or U.S. stocks, such as gold or U.S. stocks, have received limited attention due to the failure to provide clear on-chain advantages.
The bank expects private equity and liquid extra-liquid commodities to be the next growth area for non-stable tokenization.
Read more: Stablecoin market may grow to $2T by the end of 2028: Standard charter
