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Standard Chartered Bank is now covering Sky and likens it to a central bank

2026-09-14 08:23:01
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Standard Chartered Bank launches research on Sky's decentralized financial protocol

Standard Chartered Bank has officially launched research on Sky's decentralized financial (DeFi) protocol, formerly known as MakerDAO. Standard Chartered Bank describes it as the closest thing to a central bank in the decentralized financial world.

Target Price and Valuation Logic

Geoffrey Kendrick, global head of digital asset research at Standard Chartered Bank, has set a target price of US$0.325 for SKY tokens at the end of 2028, which is about five times the current level (approximately US$0.065). This valuation is based on a series of prerequisites, and these conditions must be established in turn for subsequent assumptions to be meaningful.

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