IMF warns tokenization could bring crypto risks into global financial markets
CoinDesk
The IMF warns that tokenizing real-world assets could improve market efficiency but also introduce systemic volatility and regulatory challenges.Summary
The International Monetary Fund (IMF) has released a report highlighting that tokenization—the process of moving real-world assets onto blockchains—could fundamentally reshape global finance. While the technology promises instant settlement and reduced intermediary involvement, the IMF warns that it may also amplify systemic risks. Key concerns include the potential for rapid market volatility driven by automated smart contracts and the vulnerability of stablecoins acting as settlement bridges. The report emphasizes that without robust global legal frameworks and coordination, these innovations could lead to increased fragmentation, capital flight, and liquidity crises that regulators are currently ill-equipped to handle.
(Source：CoinDesk)