Standard Chartered has projected that the value of non-stablecoin tokenized assets in decentralized finance (DeFi) could soar to $2 trillion by 2028, a significant increase from the current $35 billion. The bank's report anticipates substantial growth in tokenized money-market funds and listed equities, each potentially reaching $750 billion. This expansion is expected to be fueled by the adoption of stablecoins and increased on-chain liquidity. However, the report cautions that regulatory uncertainty in the U.S. could pose a risk to this growth trajectory, although it is not considered the primary scenario.