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Ethereum Widens Lead in Tokenization and Stablecoins as Banks Bring $12.5T Repo Market On-chain

Ethereum currently dominates tokenized assets and is drawing institutional on‑chain activity, while analysts offer divergent views on its price and market position.

Mar 30, 202611:13 AMNewsroom AI

Ethereum holds roughly 61.4% of tokenized assets on‑chain, representing about $206 billion, and Bitwise CIO Matt Hougan identified the network as the leading platform for stablecoins and tokenization; the chain is slated for major 2026 upgrades, including Glamsterdam and Hegota, to improve scale and efficiency [1] [2].

Large financial institutions are deploying Ethereum‑based systems for tradable markets: UBS, Société Générale and the Banque de France are building repo transaction infrastructure on Ethereum for the $12.5 trillion global repo market, with observers noting that even 1% on‑chain would equal $125 billion; BlackRock’s BUIDL fund has topped $2 billion and some projections put tokenized assets at $2 trillion by 2026 [3].

Standard Chartered’s Global Head of Digital Assets Research, Geoffrey Kendrick, forecast that Ethereum could reach $40,000 by 2030 and potentially outperform Bitcoin, linking the outlook to the network’s role in tokenization and stablecoin growth [4] [5].

At the same time, some media coverage highlights risks to Ethereum’s market position, including commentary that it could lose its second‑place ranking in the crypto market in 2026 [6].

Taken together, industry executives and banks point to Ethereum as the primary venue for tokenization and stablecoin activity, while analysts differ on the price outlook and some outlets flag competitive and market risks [1] [2] [3] [4] [6].

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