Standard Chartered Bank: The rsETH security incident has severely impacted DeFi, but it does not change the expectation of RWA moving towards a $2 trillion market

According to The Block, Standard Chartered's latest report points out that the theft of KelpDAO's rsETH, while causing a severe impact on the DeFi ecosystem, is not enough to change the long-term growth trend of real-world asset (RWA) tokenization.

Geoffrey Kendrick, head of digital asset research at Standard Chartered, stated that this incident is more like DeFi being "bent, not broken," and may even become an important turning point for the industry towards a more resilient structure.

Standard Chartered maintains its forecast: by the end of 2028, the RWA tokenization market size will grow from $35 billion in October 2025 to $2 trillion, with the core driving force still coming from the continued expansion of the DeFi banking system and stablecoin liquidity.