Today's Major Crypto Developments: RWA Forecasts, Trade Talks, and Political Endorsements

The cryptocurrency industry witnessed significant developments today across multiple sectors. Standard Chartered Bank released bullish projections for tokenized real-world assets, while geopolitical discussions between major economic powers may impact crypto markets. Meanwhile, the New York City mayoral race continues to draw attention from the digital assets community.

Standard Chartered Projects Tokenized Real-World Assets to Hit $2 Trillion by 2028

Investment banking giant Standard Chartered has released a forecast predicting that tokenized real-world assets will reach a cumulative value of $2 trillion within the next three years. This projection suggests RWAs could match the current market size of stablecoins as global capital and payment systems increasingly migrate to blockchain infrastructure.

According to a report shared on Thursday, the bank anticipates that decentralized finance will challenge traditional financial systems controlled by centralized entities. The trustless structure of DeFi is positioned to disrupt conventional banking and investment models.

Projected Distribution of Tokenized Assets

Standard Chartered's analysis breaks down the anticipated $2 trillion market across several key sectors. Money market funds are expected to attract $750 billion in tokenized assets, while tokenized United States stocks could account for another $750 billion. Tokenized US funds may capture $250 billion, with the remaining $250 billion flowing into less liquid segments including private equity, commodities, corporate debt, and real estate.

Geoff Kendrick, Standard Chartered's global head of digital assets research, emphasized that stablecoin liquidity and DeFi banking infrastructure are critical prerequisites for this rapid expansion. The bank expects exponential growth in the RWA sector over the coming years.

This forecast represents a dramatic 57-fold increase from the current cumulative value of approximately $35 billion in tokenized real-world assets. The ambitious projection reflects growing institutional confidence in blockchain technology's ability to transform traditional asset markets.

Trump and Xi Jinping Meet to Address Trade Tensions and Tariff Issues

United States President Donald Trump met with Chinese President Xi Jinping in South Korea to discuss bilateral relations and resolve ongoing tariff disputes. The face-to-face meeting aims to stabilize economic relations between the world's two largest economies.

Prior to the bilateral discussions, President Trump indicated positive momentum, stating that the parties have already reached agreement on numerous issues and expected to finalize additional agreements during the meeting. Trump expressed optimism about establishing a strong long-term relationship between the nations.

Impact of Trade Policies on Cryptocurrency Markets

The tariff situation has created significant volatility in financial markets, including cryptocurrencies. Since returning to office, Trump's tariff implementations combined with China's retaliatory restrictions on rare earth element exports have fueled concerns about potential economic slowdowns.

Recent tariff announcements have triggered notable crashes in the crypto market. A particularly severe market downturn occurred on October 10, when Bitcoin dropped from $121,560 to below $103,000 following major tariff implementations. The meeting between the two leaders represents a potential de-escalation that could stabilize market conditions.

The bilateral meeting has since concluded, with both parties looking to implement the discussed agreements in the coming weeks.

Pro-Crypto Political Organization Endorses Andrew Cuomo for New York City Mayor

Innovate NY, a political organization supporting digital assets and blockchain technology, has announced its endorsement of Andrew Cuomo in the upcoming New York City mayoral election. The independent candidate and former state governor has positioned himself as a champion of cryptocurrency-friendly policies.

The organization received approximately $100,000 in funding ahead of the mayoral race. In its Tuesday announcement, Innovate NY cited Cuomo's agenda supporting blockchain technology, tokenization, public-benefit stablecoins, and artificial intelligence as key reasons for the endorsement.

Electoral Landscape and Crypto Industry Interest

Registered as an independent spender with the New York City Campaign Finance Board, Innovate NY was funded with $99,500 from six individuals through two companies. The organization has spent $30,000 on promotional materials supporting Cuomo while opposing Democratic candidate Zohran Mamdani, who currently leads in numerous polls.

The New York City mayoral race has attracted considerable attention from the cryptocurrency industry due to the city's status as the largest economic hub in the United States. Companies operating in the digital assets space view the election outcome as potentially significant for their business operations.

Voters will choose between leading candidates Zohran Mamdani, Andrew Cuomo, and Republican candidate Curtis Sliwa on November 4. Early voting is currently underway in the city.

Candidate Positions on Digital Assets

During the final weeks of his campaign, Cuomo has actively courted crypto-minded voters in New York. He has pledged to establish an Innovation Council with dedicated advisory committees for cryptocurrency, artificial intelligence, and biotechnology if elected mayor.

In contrast, frontrunner Zohran Mamdani has largely avoided making digital assets a central component of his campaign platform. Instead, Mamdani has focused his messaging on cost-of-living concerns affecting New York residents, including issues related to childcare affordability and housing accessibility.

Implications for the Cryptocurrency Industry

These three developments highlight the cryptocurrency industry's growing integration with traditional finance, international trade policy, and local politics. The Standard Chartered forecast demonstrates increasing institutional recognition of blockchain technology's potential to transform asset markets. Meanwhile, geopolitical developments between major economic powers continue to influence crypto market volatility, and local elections in major financial centers are increasingly viewed through the lens of digital asset policy.

As the industry matures, stakeholders are paying closer attention to regulatory frameworks, political leadership, and institutional adoption trends that will shape the future landscape of digital assets and blockchain technology.

For more Crypto, Web3, Blockchain & AI news visit : www.metamoonmedia.com