Investment bank Standard Chartered (STAN) says decentralized finance (DeFi) is emerging as a powerful alternative to traditional finance, which relies on centralized systems run by trusted authorities like central banks. The bank forecasted that by the end of 2028, non-stablecoin tokenized assets will reach a market capitalization of $2 trillion, up from $35 billion today, matching the expected size of the stablecoin market. Tokenized money-market funds and listed equities could each account for roughly ...