Standard Chartered initiated coverage of Arbitrum's ARB token with a $10 target for the end of 2030 after the token rose 12.39% to $0.1513 on Wednesday, outperforming a broader crypto-market selloff. Geoff Kendrick, the bank's global head of digital assets research, said Arbitrum could become enterprise infrastructure for traditional-finance firms putting assets on-chain, with Robinhood Chain providing an early revenue test. The bank estimates Arbitrum will receive about $5 million in September, roughly five times its monthly revenue before Robinhood Chain launched on July 1. Kendrick projects tokenized equities will grow from about $3 billion to $750 billion by the end of 2028, while warning that ARB has governance rights but no burn mechanism or direct entitlement to protocol revenue. About 92.3% of ARB's 10 billion maximum supply has vested, with the final tranche due in March 2027.