Chainlink Poised to Benefit from Growing Tokenization Market
Standard Chartered has made a significant prediction about the growth of tokenized assets on public blockchains. By the end of 2028, it expects this value to reach $4 trillion. This forecast includes stablecoins and real-world assets such as bonds and investment vehicles that are being tokenized.
This prediction is based on increasing demand for blockchain technology in transferring financial assets among traditional financial organizations. Decentralized finance is also expected to grow substantially by Standard Chartered, with the total value locked in DeFi rising by a factor of around 37 to $2.7 trillion by 2030.
Chainlink has been identified as a potential beneficiary of this growth due to its framework making it possible for blockchain systems to interact with the external world and exchange information with other systems. Its Cross-Chain Interoperability Protocol (CCIP) enables transferring information and assets between blockchains, which may become more important with the growth of tokenized financial products on various blockchain platforms.
The $200 target price for LINK by 2030 is based on the general view regarding the potential of Chainlink in tokenization. However, this is not a guarantee and depends on many aspects such as Chainlink retaining its dominant position in oracle and interoperability services, while CCIP continues to grow.