{"id":857080,"date":"2025-06-21T09:11:33","date_gmt":"2025-06-21T14:11:33","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/21\/standard-chartered-sees-private-equity-as-next-tokenization-boom-us-crypto-news\/"},"modified":"2025-06-21T09:11:33","modified_gmt":"2025-06-21T14:11:33","slug":"standard-chartered-sees-private-equity-as-next-tokenization-boom-us-crypto-news","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/21\/standard-chartered-sees-private-equity-as-next-tokenization-boom-us-crypto-news\/","title":{"rendered":"Standard Chartered Sees Private Equity as Next Tokenization Boom | US Crypto News"},"content":{"rendered":"
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Welcome to the US Crypto News Morning Briefing\u2014your essential rundown of the most important developments in crypto for the day ahead.<\/strong><\/p>\n

Grab a coffee and settle in\u2014because the next phase of crypto tokenization<\/a> may not come from where you expect. While stablecoins have dominated the narrative, a quieter shift is underway as institutions eye more complex, illiquid assets like private equity and commodities as the real drivers of future on-chain growth.<\/p>\n

Crypto News of the Day: Private Equity and Commodities to Lead Tokenization, Standard Chartered Says<\/h2>\n

Standard Chartered has identified private equity and illiquid commodities as key growth areas for the next wave of crypto tokenization<\/a>.<\/p>\n

The bank acknowledges that the market for tokenization of real-world assets (RWA)<\/a> has been dominated so far by stablecoins, digital assets pegged to the USD or other fiat currencies.<\/p>\n

Based on this, it urges the industry to move beyond stablecoins and address regulatory challenges<\/a> that have limited adoption in non-stablecoin\u00a0RWA markets<\/a> so far<\/span>.<\/p>\n

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\u201cGrowth in non-stablecoin RWA tokenization has lagged significantly. At $23 billion, this market is currently only around 10% the size of the stablecoin<\/a> market,\u201d said Geoff Kendrick, Head of Digital Asset Research at Standard Chartered.<\/p>\n<\/blockquote>\n

While stablecoins have led the charge in bringing real-world assets on-chain, Kendrick believes that more complex and traditionally illiquid asset classes represent the next frontier. <\/p>\n

The Standard Chartered executive cited private equity and commodities. He argued that tokenization in these areas could drive meaningful efficiency gains, provided the right conditions are in place.<\/p>\n

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\u201cNon-stablecoin RWA tokenization has lagged stablecoin growth for a number of reasons \u2013 regulatory uncertainty and focus on wrong areas being amongst them. However, I think that as regulatory clarity emerges and if tokenizers focus on the right areas, where being on-chain adds value, then growth will come,\u201d Kendrick added.<\/p>\n<\/blockquote>\n

Drawing from recent advancements in tokenized private credit, Kendrick sees similar success unfolding in other less-liquid markets.<\/p>\n

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\u201cLessons from the success of tokenized private credit tell me that the next successes will come from private equity and otherwise illiquid commodities,\u201d he said.<\/p>\n<\/blockquote>\n

In line with the lessons learned so far, Kendrick expects private equity and liquid off-chain commodities to be the next growth areas for non-stablecoin tokenization.<\/p>\n

Regulatory Clarity Remains Key to Unlocking Non-Stablecoin Tokenization<\/h2>\n

However, Kendrick stressed that regulatory reform is still a prerequisite for unlocking the full potential of non-stablecoin tokenization.<\/p>\n

While some jurisdictions, such as<\/span>\u00a0Singapore<\/a>, Switzerland, the EU, and Jersey, are making headway, he warned that the broader regulatory playing field is fragmented, particularly around Know Your Customer (KYC)<\/a> compliance.<\/p>\n

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\u201cTo unlock growth potential, we believe tokenization efforts need to focus on on-chain assets that are cheaper and\/or more liquid than their off-chain equivalents, with shorter settlement times, as borne out by early success in the private credit space, or that solve an on-chain need, as in the case of tokenized T-bills,\u201d Kendrick said.<\/p>\n<\/blockquote>\n

This aligns with a recent US Crypto News<\/a> publication, which highlighted stablecoin issuers using T-bills (treasury bills) to buy Bitcoin<\/a> for free. \u00a0<\/p>\n

He added that some tokenization projects have failed to deliver value because they focused on assets already functioning efficiently off-chain.<\/p>\n

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\u201cSome current tokenization efforts, for example, for already liquid off-chain products like gold and US equities, have struggled because the on-chain asset does not add value in these ways,\u201d Kendrick explained.<\/p>\n<\/blockquote>\n

As institutional interest in digital assets matures, Standard Chartered\u2019s analysis offers a strategic lens<\/a> through which traditional finance (TradFi)<\/a> can assess long-term opportunities in tokenization, grounded in utility rather than hype.<\/p>\n

With regulatory momentum and targeted innovation, non-stablecoins are making headway in RWA markets, which could be poised for a breakout phase in the next cycle.<\/p>\n

Chart of the Day<\/h2>\n
\"Real-World
Real-World Assets On-Chain. Source: Standard Chartered.<\/figcaption><\/figure>\n

This chart illustrates the significant growth of real-world assets (RWA) on-chain from January 2021 to January 2025. It also highlights contributions from private credit, commodities, stocks, and other asset categories.<\/p>\n

Byte-Sized Alpha<\/h2>\n

Here\u2019s a summary of more US crypto news to follow today:<\/p>\n