The stablecoins dominate the tokenization of active active world (RWA), but Standard Chartered (Stan) said that he saw the signs of a broader change in progress.
With only $ 23 billion currently in non-stable RWAS, around 10% of the size of the Stablescoin market, the investment bank anticipates significant growth as regulatory clarity improves and the emphasis is on assets that benefit more significantly from the chain, he said in a research report on Wednesday.
Tokenization is one of the main uses of blockchain technology and attracts the attention and investment of the tradfi world. Stablecoins are cryptocurrencies whose value is linked to another asset, such as US dollar or gold. They play a major role in the cryptocurrency markets and are also used to transfer money internationally.
Jurisdictions like Singapore, Switzerland, the EU and the jersey have progressed on the regulations, noted the bank, but the inconsistent rules of your customer (KYC) remain an obstacle.
However, the opportunity lies in targeting assets where tokenization adds real value, depending on the report.
“To unlock the growth potential, we believe that tokenization efforts must focus on assets on the chain which are cheaper and / or more liquid than their out -of -chain equivalents, with shorter payment times, or which resolve a chain need,” wrote Geoff Kendrick, manager of digital assets at Standard Charter.
The bank noted that the Tokenized Private Credit has proven promising by offering faster regulations and profitability.
On the other hand, the efforts for tokenize already liquid assets such as gold or American actions have experienced a limited traction because they fail to offer clear chain advantages, the bank said.
The bank expects the capital capital and liquid goods outside the chain to be the next areas of growth in non-stable tokenization.
Find out more: The Stablescoin market could reach 2 t $ by the end of 2028: Standard Charterd
