‘Owning the rails’: Standard Chartered sees LINK at $200 by 2030 as Chainlink underpins tokenized-asset boom

Read original at The Block·

‘Owning the rails’: Standard Chartered sees LINK at $200 by 2030 as Chainlink underpins tokenized-asset boom

60-second summary

Standard Chartered initiates Chainlink coverage with a $200 target price by end-2030, citing its potential to 'own the rails' for tokenized finance. The bank sees Chainlink's oracles underpinning a boom in tokenized assets, which could reach $16 trillion by 2030, driving demand for LINK and fueling its price growth, a significant development for the crypto market.

Standard Chartered bets Chainlink owns the rails for tokenized finance, initiating LINK coverage with a $200 target by end-2030.