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Standard Chartered sees RWA tokenisation market growing to $4 trillion by 2028

The on-chain tokenised asset market could expand to $4 trillion by the end of 2028, a forecast showed. Standard Chartered expects stablecoins and real-world asset (RWA) tokenisation to split the growth drivers evenly, with each reaching $2 trillion. The bank cited composability in decentralised finance as a key factor and pointed to examples such as a tokenised U.S. Treasury fund. It also highlighted potential inflows from institutional assets moving on-chain.

Crypto

Goldman Sachs reshuffles crypto ETFs, keeps bitcoin and exits XRP and Solana

Goldman Sachs sold all of its holdings in XRP and Solana spot exchange-traded funds in the first quarter, according to a quarterly 13F filing with the U.S. Securities and Exchange Commission. XRP spot ETF holdings fell from about $152.2 million at end-previous quarter to zero, and six Solana-related products were fully sold. It also cut bitcoin and ethereum spot ETF positions, while adding a staking-focused ethereum trust.

Crypto

Iran digital insurance plan for ships in Hormuz Strait sparks controversy over authenticity

Reports say Iran is considering a digital marine insurance platform for ships passing through the Persian Gulf and the Hormuz Strait, with bitcoin and other cryptocurrencies mentioned as premium payment methods. Images of a website called Hormuz Safe circulated on social media, but its authenticity and whether the plan will be implemented remain unconfirmed and the site is now inaccessible. A local outlet reported the plan could generate more than $10 billion in income.