Standard Chartered Calls Sky ‘DeFi’s Federal Bank,’ Sees SKY Token Surging

SKY token rising — Standard Chartered Bank has initiated coverage of the Sky protocol, labeling it “DeFi’s federal bank” and forecasting its SKY token could rise to $0.325 by the end of 2028.

The bank’s analysts see the token’s current price as undervalued, projecting a potential fivefold increase over the next two years. Their bullish outlook is based on Sky’s role in providing core financial infrastructure within the decentralized finance ecosystem.

This marks a significant institutional endorsement for a specific DeFi project from a major global bank. Standard Chartered’s coverage suggests growing mainstream financial interest in evaluating and valuing decentralized protocols as traditional financial entities.