Standard Chartered’s Geoff Kendrick forecasts 50x growth in non-stablecoin onchain assets

The bank's digital assets research head expects tokenized real-world assets to drive the surge over the next two to three years Standard Chartered thinks the onchain economy is about to get a lot bigger, and not just in stablecoins. Geoff Kendrick, the bank’s global head of digital assets research, forecast that non-stablecoin assets onchain will grow 50-fold over the next two to three years. He made the call at the SALT Conference on November 3, 2026, pointing to the tokenization of real-world assets (RWAs) as the main engine. The forecast targets a specific slice of the market.