Forget XRP: These 4 Altcoins Are on Standard Chartered's Radar

Standard Chartered’s Geoff Kendrick on Friday said tokenization has already won, and XRP (CRYPTO: XRP) isn’t where he’s putting the bet.

The Shift From Bitcoin to Altcoins

Kendrick told the Milk Road podcast that Treasury Secretary Scott Bessent’s recent announcement on long-end bond buybacks confirmed the cycle bottom, echoing the same signal that marked last October’s top. 

He draws a sharp comparison to Amazon’s (NASDAQ:AMZN) 2001 crash from $113 to $6, when internal metrics kept improving even as the stock collapsed. 

Crypto just went through the same disconnect, in his view, and tokenization-linked altcoins are where that improvement should finally show up in price.

Why Revenue Suddenly Matters

Crypto is moving from a world where revenue didn’t matter to one where it’s the only thing that does, Kendrick argues, much like Mag 7 stocks today. 

Over the past six months he’s built discounted cash flow models for individual projects, a shift tied directly to stablecoins proving blockchain can replace real-world financial infrastructure. 

Two forecasts anchor his thesis: stablecoins reaching $2 trillion, and tokenized assets reaching that same mark, up from roughly $40 billion currently.

Four Altcoins at the Center of the Thesis