<figure class="wp-block-image size-large"><img width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2022/12/07135328/UniSwap-v3-375x189.png 375w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2022/12/07135328/UniSwap-v3-662x334.png 662w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2022/12/07135328/UniSwap-v3-768x387.png 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2022/12/07135328/UniSwap-v3-1536x774.png 1536w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2022/12/07135328/UniSwap-v3-2048x1032.png 2048w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2022/12/07135328/UniSwap-v3.png 688w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2022/12/07135328/UniSwap-v3-662x334.png" alt="" class="wp-image-345"/></figure>


Standard Chartered initiated coverage of Uniswap&#x27;s UNI token on June 15, 2026. The bank set a $100 price target by end-2030. It&#x27;s framing Uniswap as the primary on-chain venue for tokenized real-world assets.
The call was reported by The Defiant and Crypto Briefing. It&#x27;s one of the first times a major global bank has applied structured, equity-style analyst coverage to a DeFi-native <a href="https://www.thecoinzone.com/defi/what-is-a-protocol-in-crypto/" data-wpil-monitor-id="2142">token</a>.
The $100 target implies roughly a 40x increase. UNI was trading around $2.50 at initiation, according to The Defiant.
This isn&#x27;t a sentiment call. It&#x27;s not built on trading momentum. Standard Chartered&#x27;s thesis is specific: <a href="https://www.thecoinzone.com/nfts/nft-vs-tokenization/" data-wpil-monitor-id="2140">tokenized real-world assets</a> will flow into decentralized liquidity protocols at scale. Uniswap captures that volume.
Geoff Kendrick, Global Head of <a href="https://www.thecoinzone.com/news/hana-standard-chartered-digital-assets-partner/" data-wpil-monitor-id="2143">Digital Assets Research at Standard Chartered</a>, said it plainly. As reported by The Defiant: &quot;Uniswap is positioned to become the <a href="https://www.thecoinzone.com/news/rwanda-central-bank-halts-bybit-franc-trading/" data-wpil-monitor-id="2150">trading hub for tokenized real-world assets as banks</a> move them on-chain.
The bank mapped out a staged path to $100. According to Crypto Briefing, the milestones are: $6.50 by end-2026, $20 by 2027, $40 by 2028, $65 by 2029, $100 by end-2030. Each step assumes <a href="https://www.thecoinzone.com/news/sui-token-surges-institutional-staking/" data-wpil-monitor-id="2146">institutional tokenization</a> compounds over time. Not a single wave. Gradual accumulation.
The macro numbers behind the thesis are large. The Standard Chartered note projects a <a href="https://www.thecoinzone.com/news/compliance-blockchain-stablecoins-needed/" data-wpil-monitor-id="2141">tokenized asset</a> base of roughly $4 trillion by 2028. <a href="https://www.thecoinzone.com/news/allunity-eurau-stablecoin-expansion-defi/" data-wpil-monitor-id="2149">DeFi captures around 30% of that market</a> by 2030. <a href="https://www.thecoinzone.com/defi/what-is-total-value-locked-tvl-in-defi/" data-wpil-monitor-id="2144">Total DeFi TVL</a> hits roughly $2.7 trillion. These aren&#x27;t UNI-specific projections. They&#x27;re macro estimates. Uniswap needs meaningful participation in them for the target to hold.
Uniswap&#x27;s current position gives the thesis a credible starting point. Combined V3 and V4 weekly spot volume recently surpassed competing venues, per The Defiant. Total TVL across Ethereum, Base, and Arbitrum sits at approximately $2.88 billion. Ethereum accounts for about 68% of that.
Standard Chartered has done this before. The bank set a 2030 price target for Ether at $40,000, as reported by CoinDesk in January 2026. That call drew attention for applying <a href="https://www.thecoinzone.com/blockchain/fair-crypto/" data-wpil-monitor-id="2152">traditional research methodology to crypto</a>. The UNI initiation goes further. It&#x27;s targeting a protocol token. Not a layer-1 asset. <a href="https://www.thecoinzone.com/news/solana-research-institute-boosts-institutional-use/" data-wpil-monitor-id="2145">Institutional research</a> is now reaching deeper into the on-chain stack.
The <a href="https://www.thecoinzone.com/blockchain/what-is-a-native-token/" data-wpil-monitor-id="2148">tokenized asset</a> narrative has been building since 2024. BlackRock, Franklin Templeton, and other <a href="https://www.thecoinzone.com/news/exchange-delists-asset-regulatory-changes/" data-wpil-monitor-id="2147">major asset</a> managers have placed funds on-chain. The trajectory holds, and the question becomes simple: where does the trading happen? Standard Chartered&#x27;s answer is Uniswap.
One open question remains. UNI&#x27;s token structure may not automatically capture that economic activity as value for holders. But the thesis gives institutional <a href="https://www.thecoinzone.com/stablecoins/why-ust-collapsed/" data-wpil-monitor-id="2151">investors a structured</a> framework. DeFi exposure beyond <a href="https://www.thecoinzone.com/defi/borderless-money-explained/" data-wpil-monitor-id="2139">Bitcoin and Ethereum</a>. That&#x27;s what Standard Chartered is selling here.

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Standard Chartered Sets $100 UNI Target for 2030

Standard Chartered initiated coverage of Uniswap's UNI token with a $100 target by 2030, citing tokenized real-world assets as the key growth driver.