British banking giant Standard Chartered has added altcoins with growth potential, in addition to Bitcoin and Ethereum, to its radar.
One of them is Chainlink, with the bank setting a price target of $200 for LINK by the end of 2030.
This estimate translates to a profit of roughly 25 times LINK’s current price of around $8.
The bank argues that the tokenization boom will require reliable on-chain data, positioning Chainlink as critical infrastructure for Traditional Finance (TradFi) and Decentralized Finance (DeFi).
At this point, Standard Chartered notes that growth in the asset tokenization market could be a significant catalyst for Chainlink.
Chainlink Targeted at $200 by 2030!
In a new research note titled “Chainlink – Getting on the Rails,” Standard Chartered predicts that the asset tokenization market could reach a size of approximately $4 trillion by 2030.
The bank states that Chainlink provides an infrastructure that connects different blockchains with external data and financial systems, and that demand for Chainlink infrastructure will increase as tokenization spreads to traditional financial assets such as stocks and bonds.
At this point, Standard Chartered notes that Chainlink has expanded beyond oracles to include interoperability, compliance, and privacy, making it the only end-to-end platform capable of supporting tokenized assets across both DeFi and TradFi.
All these advantages could push the price of LINK to $200 by the end of 2030.
Finally, the bank stated that the use of Chainlink services is increasing day by day, adding that companies and institutions using these services include Swift, DTCC, Euroclear, JPMorgan, Mastercard, UBS, Fidelity, and WisdomTree.
