Aave positioned to capture tokenized asset growth in DeFi: Standard Chartered

Standard Chartered said tokenized assets moving into DeFi could drive deposits into Aave and help the protocol rebuild its position as a dominant onchain lending platform.

Banking giant Standard Chartered has identified Aave as a potential beneficiary of tokenized assets as they move into decentralized finance (DeFi), saying the protocol could rebuild its position as a dominant onchain lending platform.

In a Wednesday research note, Geoff Kendrick, the bank's global head of digital assets research, said active tokenized assets in DeFi could drive more deposits into Aave.

“Despite recent setbacks, we are bullish on the outlook for Aave, the largest [DeFi] lending protocol,” Kendrick wrote.

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