Standard Chartered Says Tokenization Could Push DeFi to $2.7 Trillion by 2030 — Here's What That Actually Means
(109 days ago) · 1 source · Summarized by CryptoBipto
Standard Chartered has released a report projecting that the tokenization of real-world assets could drive DeFi's total assets to $2.7 trillion by 2030. The bank sees the convergence of traditional finance and blockchain-based systems as a major growth catalyst. This marks another significant endorsement of tokenization from a major global bank.
WHY IT MATTERS
Imagine if you could buy a tiny slice of a skyscraper or a government bond as easily as you buy a cryptocurrency token — that's essentially what tokenization does. It takes traditional assets from the 'old' financial world and puts them on a blockchain so they can be traded, split up, and managed using smart contracts. A major global bank saying this could become a $2.7 trillion market by 2030 is a big deal because it means the worlds of traditional finance and crypto are merging faster than many expected. For everyday people, this could eventually mean easier access to investments that were previously only available to the wealthy or to big institutions.
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