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LINK Standard Chartered Bank is optimistic about Chainlink's long-term prospects: RWA tokenization may push LINK to US$200
Standard Chartered's Geoff Kendrick recently outlined a bullish long-term outlook for Chainlink (LINK), closely linking LINK's potential growth to the expansion of tokenization of real world assets (RWA) and the infrastructure needed to ensure that these assets operate reliably on the chain.
In a report, Kendrick predicted that tokenized RWA could reach US$4 trillion by the end of 2028, which would create a larger market for secure, verifiable external data. He believes this could translate into a significant increase in Chainlink's fee revenue and ultimately push the LINK price to $200 by the end of 2030 (the LINK price was about $8 at the time of writing).
Core Points
Standard Chartered expects tokenized RWA to grow to US$4 trillion by the end of 2028, expanding demand for data services along the security chain. Kendrick linked this need to growth in Chainlink's fee revenue and a 2030 LINK price target of $200. The forecast also predicts that tokenized and native crypto decentralized financial (DeFi) assets will grow to US$2.7 trillion by 2030. Predicted risks include a slower-than-expected institutional tokenization process, competitive pressure from other oracle providers, and possible technical setbacks.
Why can tokenized RWA drive demand for oracle machines?
Kendrick's core point is that tokenized assets not only require on-chain execution, but also require the secure introduction of trusted external information into the blockchain. He said the growth of tokenized RWA will increase the need for external data "on the security chain", thereby supporting Chainlink's higher fee revenue. The report positions Chainlink as a critical infrastructure layer for the process. In Kendrick's view, a tokenized ecosystem will require reliable data feeds, cross-network interoperability, privacy compliance, and integration with existing financial systems-a requirement he believes currently only Chainlink can meet.
Growth from DeFi to a larger "data pipeline" market
Bullish logic is not limited to RWA. Standard Chartered Bank also predicts that tokenized and native crypto assets deployed in DeFi will grow 37 times and could reach US$2.7 trillion by the end of 2030. This is important because DeFi's participation often relies on continuous access to verified information-whether it is pricing, settlement conditions, risk parameters, compliance checks, or cross-chain interoperability. Kendrick believes that these use cases will require trusted data transfers, privacy compliance, and integration between systems, creating broader demand for oracle services across multiple DeFi and tokenization workflows.
Market signals: tokenized RWA trading volume is rising
The report comes as tokenized asset activity on the chain continues to expand. The data cited in the article showed that tokenized RWA transaction volume on decentralized exchanges (DEX) reached a record high of US$141 billion in July, a month-on-month increase of 19.5%, with public stocks being the main driving force. While a single month's DEX transaction volume may not directly translate into future oracle revenue, it does confirm the trend: more tokenized assets are being traded on-chain, which often means a larger ecosystem, including issuers, exchanges, hosting and compliance service providers, and middleware to keep systems synchronized and verifiable.
Chainlink's status and potential risks
In the same report, Chainlink was described as the leading decentralized oracle provider in cross-chain communications, with a total locked position value (TVS) of US$34.4 billion, while Chronicle ranked second with US$7.36 billion. These data come from DefiLlama's oracle data. At the same time, Standard Chartered's Kendrick stressed that LINK's path to reach its $200 target price is not inevitable. Potential risks mentioned in the report include: a slower-than-expected institutional tokenization process, competition from professional oracle providers, and technical setbacks that could affect performance or adoption.
The practical lesson for investors and builders is that this argument relies on multiple aspects of execution-tokenization must be scaled, institutional participants must go beyond the pilot phase, and the data and compliance tools needed must run smoothly at real scale. If any of these steps stalls, LINK predicts that the timetable and magnitude of the rise could come under pressure.
The next thing worth noting is the evolution of tokenized asset issuance and DEX/DeFi deployment over the rest of the decade, and whether oracle competitors gain momentum. Perhaps the most important variable is whether tokenized growth can continue to translate into the need for sustained, verifiable on-chain data-the mechanism on which Standard Chartered's forecasts are based.
