Currently, in the crypto industry, Standard Chartered Bank predicts that the real assets (RWA) boom will reach $2 trillion by 2028, US President Donald Trump meets with Chinese President Xi Jinping to resolve tariff tensions, and pro-crypto political groups endorse Andrew Cuomo in the New York mayoral race.
Standard Chartered expects tokenized RWA to reach $2 trillion by 2028, comparable to stablecoins
Tokenized real world assets (RWA) could reach $2 trillion cumulatively over the next three years as more global capital and payments move to more efficient blockchain rails, according to investment bank Standard Chartered.
The bank said in a Thursday report shared with Cointelegraph that the “trustless” structure of decentralized finance (DeFi) is poised to challenge the dominance of traditional finance (TradFi) systems controlled by centralized organizations.
Investment banks predict that non-stablecoin tokenized RWA could reach a market capitalization of $2 trillion by 2028 due to the growing use of DeFi in payments and investments.
Of the $2 trillion, $750 billion is expected to flow into money market funds, another $750 billion into tokenized US equities, $250 billion into tokenized US funds, and another $250 billion into “illiquid” segments of private equity, including commodities, corporate bonds, and tokenized real estate.
“Stablecoin liquidity and DeFi banking are key prerequisites for the rapid expansion of tokenized RWA,” said Jeff Kendrick, Global Head of Digital Asset Research at Standard Chartered, adding:
“We expect RWA to increase rapidly over the next few years.”
A $2 trillion market cap would mean RWA would grow more than 57 times over the next three years from its current cumulative value of $35 billion, according to RWA.xyz data.
Trump and Xi meet in South Korea to resolve trade tensions
US President Donald Trump and Chinese Communist Party leader Xi Jinping held face-to-face talks in South Korea to stabilize relations and resolve tariff tensions.
“We’ve already agreed to a lot of things, and we’re going to agree to some more right now,” Trump said ahead of the bilateral talks, suggesting the two parties were showing signs of alignment.
“I think we’re going to have a great long-term relationship,” Trump said Thursday in a video posted to X by the White House.
President Donald J. Trump meets with Chinese President Xi Jinping in South Korea.
“I think we’re going to have a great relationship for a long time. I’m honored to be with you.” pic.twitter.com/ISpVBzkvN3
— White House (@WhiteHouse) October 30, 2025
President Trump’s tariffs since returning to the White House, combined with China’s retaliatory restrictions on exports of rare earth elements, have fueled fears of an economic slowdown, with some of the toughest tariffs in recent months causing a collapse in the cryptocurrency market.
This includes the market crash on October 10, when Bitcoin fell from $121,560 to below $103,000.
The Rapid Response 47 X account then confirmed that the meeting had ended.
Cryptocurrency advocacy group supports Andrew Cuomo in New York mayoral race as election approaches
Innovate NY, a self-described “pro-digital asset” political group that received about $100,000 in funding ahead of New York’s mayoral election, is backing independent candidate and former governor Andrew Cuomo.
Innovate New York endorsed Cuomo for mayor in a statement Tuesday, and the race is already in the midst of early voting. The political group listed topics including “blockchain, tokenization, public interest stablecoins, and artificial intelligence.”
The organization is registered as an independent spender with the New York City Campaign Finance Commission and has received $99,500 in funding from six individuals through two companies as of Wednesday.
Spending records show Innovate NY spent $30,000 on fliers supporting Mr. Cuomo and against Democratic candidate Zoran Mamdani, who is currently leading against the former New York governor in many polls.
New York City’s mayoral race has drawn the attention of many in the crypto industry due to its potential impact on companies operating in the nation’s largest economic hub. Voters will choose between front-runners Mamdani, Cuomo and Republican candidate Curtis Sliwa on November 4.
In the final weeks of the campaign, Mr. Cuomo reached out to crypto-minded New York voters, promising to create an Innovation Council with advisory boards for crypto, AI, and biotech if elected. Mamdani, who leads in polls against Cuomo, has largely avoided making digital assets part of her campaign, focusing instead on cost-of-living issues like child care and affordable housing.