Standard Chartered (SC) predicted that the tokenization market will grow by approximately 5,600% to reach $2 trillion by 2028. According to DL News, Geoffrey Kendrick, SC's Head of Digital Asset Research, explained in a recent report, "In the tokenization market, all assets and infrastructure exist on the same ledger, allowing for barrier-free interaction," adding that "lending protocols are the central axis of this activity." He explained that the expansion of stablecoin-based DeFi lending is key, as the on-chain movement of real-world assets allows a single asset to simultaneously serve as collateral, generate returns, and provide liquidity, thereby lowering capital costs compared to traditional finance. Meanwhile, regarding the KelpDAO exploit and the large-scale fund outflow from Aave that occurred earlier this month, he assessed that while these were "among the most serious DeFi incidents recently," "the growth momentum of tokenization remains intact."
