Standard Chartered started covering Chainlink (LINK) on Monday with a $200 price forecast for the end of 2030, roughly 24 times its current level.
Key Points:
- Standard Chartered initiated coverage of Chainlink with a $200 target for the end of 2030.
- The bank expects tokenized assets held on-chain to reach $4 trillion by the end of 2028.
- LINK traded near $8.22 on Monday, close to the reference price used in the research note.
Chainlink Target Rests On Tokenization Math
The forecast landed in a note titled "Chainlink, Owning the Rails," written by Geoff Kendrick, the bank's global head of digital assets research. Reports published Monday detailed the target and the reasoning behind it. The bank maps a staged path that reaches $13 by the end of this year, then $41, $82 and $133 before the final target.
Kendrick expects tokenized assets sitting on-chain to climb from roughly $340 billion today to $4 trillion by the end of 2028, a twelve-fold jump from current levels. He also projects $2.7 trillion of assets working actively inside decentralized finance by 2030, a 37-fold increase that underpins every DeFi target the bank has published this year.
Chainlink charges for delivering data and for moving assets between blockchains, so the bank assumes its fee income rises roughly 25 times over that period.
The token price, in that model, follows the fees. The same note keeps Bitcoin (BTC) at $500,000 and Ethereum (ETH) at $40,000.
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Kendrick Cites Chainlink Oracle Dominance
Incumbency does much of the work in the argument. The note puts Chainlink's share of oracle-dependent value near 70% globally and above 80% on Ethereum, and points to Fidelity, which already uses the network to tokenize fund data.
Total value secured across the network topped $110 billion earlier this year, split between cross-chain token transfers and the price feeds that decentralized lending markets rely on to value collateral.
Kendrick credits Chainlink with enabling more than $32 trillion in transaction value over seven years, and names Swift, JPMorgan, Mastercard and UBS among institutions using its services. Tokenized funds and bonds are simply hungrier for data than crypto-native assets.
Aave And Morpho Calls Set The Pattern
The Chainlink note extends a run of long-dated DeFi initiations that all rest on the same assumption about how much value eventually moves on-chain.
Kendrick set a $3,500 target for Aave (AAVE) in June, then $60 for Morpho (MORPHO) in July and $100 for Uniswap (UNI), each tied to the same growth curve.
Those earlier calls moved prices, at least briefly. Morpho gained more than 10% on the day its report landed, Aave rallied after its own note, and LINK has stayed far quieter, holding near $8.22 on Monday. Kendrick flags slower institutional tokenization, competition from specialist providers and technical failures as the clearest threats to the $200 path.
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