Standard Chartered is exploring the USD 23 billion non-stablecoin RWAs market, driven by expectations of significant growth. Non-stablecoin RWAs currently account for only 10% of the stablecoin market, showcasing potential for increased market share.
The bank suggests that future tokenization efforts should prioritize on-chain assets for their cost efficiency and liquidity benefits compared to off-chain assets. It identifies private equity and liquid off-chain commodities as key sectors for growth in this area.
With major institutions like BlackRock and JPMorgan exploring tokenized funds, the landscape is shifting. Although regulatory clarity is improving, inconsistent KYC standards across jurisdictions remain a challenge for expansion.
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