Standard Chartered Sees Chainlink Hitting $200 by 2030 Amid Tokenization Boom
Standard Chartered has initiated coverage of Chainlink (LINK) and set a price target of $200 by the end of 2030.
The bank expects tokenized assets to reach $4 trillion by 2028, creating a massive opportunity for Chainlink's oracle and interoperability infrastructure.
Currently, LINK is trading at around $8.20, which means the target would require a roughly 24-fold increase from current levels.
Standard Chartered sees Chainlink as critical infrastructure for a financial system built around tokenized assets and decentralized applications.
The bank's thesis centers on the expected expansion of tokenized real-world assets and decentralized finance (DeFi).
Chainlink's core technology provides external data to blockchain-based applications through its decentralized oracle network, making it increasingly important as traditional financial assets move on-chain.