Standard Chartered Sets $200 Chainlink Target by 2030 on Tokenization Growth
The bank projects $4 trillion in tokenized assets by end-2028 and forecasts Chainlink fees rising 25-fold, underpinned by a 37-fold expansion in DeFi.
Standard Chartered has initiated coverage of Chainlink with a $200 price target by end-2030, implying roughly a 25-fold gain from current levels around $8. Geoff Kendrick, the bank's global head of digital assets research, published staged targets of $13 by year-end, followed by $41, $82 and $133 before the 2030 target. He expects tokenized assets on-chain to grow 12-fold to $4 trillion by end-2028 from roughly $340 billion today, while assets deployed in DeFi expand 37-fold to $2.7 trillion by 2030.
The thesis rests on Chainlink's role as data intermediary and cross-chain bridge. Because the network charges for oracle services and asset transfers, Standard Chartered estimates fees should rise about 25 times in tandem with DeFi expansion, with the token price following. The bank notes Chainlink secures over $110 billion in total value, covering approximately 70% of oracle-dependent value in DeFi globally and more than 80% on Ethereum alone, with Aave V3 accounting for 44% of that secured value.
Kendrick cited institutional adoption by Swift, DTCC, Euroclear, JP Morgan, Mastercard, UBS, Fidelity and S&P Global, arguing that off-chain customers will become a growing share of fees. Tokenized funds and bonds require net asset values, rates and reserve attestations, making them more data-hungry than crypto-native assets. On cross-chain competition, Chainlink trails LayerZero, though more than $7 billion in token value has moved to Chainlink's CCIP since an April exploit, with quarterly CCIP volume reaching $4.9 billion in Q2, up 353% year-on-year.
The note is one of several DeFi initiations from Kendrick built on the same 37-fold growth forecast. He set targets of $100 for Uniswap and $3,500 for Aave in June, and $60 for Morpho in July. The bank flagged risks including institutional tokenization scaling more slowly than expected, pilots failing to become recurring production workflows, and specialist providers capturing market share. Chainlink was trading at $8.25 at time of publication, down 0.8% on the day.
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