Standard Chartered Sees Chainlink Reaching $200 by 2030 on Tokenization Boom

Standard Chartered has initiated coverage of Chainlink (LINK) with a $200 price target for LINK by the end of 2030, representing a roughly 25-fold increase from its current trading price. The bank's thesis is built around tokenization, which it expects to reach $4 trillion by the end of 2028 and $2.7 trillion in decentralized finance (DeFi) by 2030.

Chainlink could be one of the biggest beneficiaries because tokenized assets need more than a blockchain to function - they require external data, connections between different networks, and tools for compliance and privacy. Chainlink's Cross-Chain Interoperability Protocol (CCIP) allows assets and information to move between different blockchains.

Standard Chartered estimates that Chainlink currently secures around 70% of oracle-dependent DeFi value globally and has enabled more than $32 trillion in transaction value over its history. The bank also expects Chainlink's fees to increase roughly 25-fold by 2030, with LINK's price following suit.