IMF: Asset Tokenization Market Remains Limited in Size and Highly Fragmented; Safe Growth Requires Three Fundamental Conditions
October 8 — The International Monetary Fund (IMF) recently stated that the asset tokenization market is growing rapidly, but remains limited in overall size and highly fragmented.
Data show that the average daily trading volume of tokenized repos is approximately $300 billion to $350 billion, while the value of other tokenized assets is approximately $65 billion.
By contrast, the U.S. repo market averages $13 trillion a day, and global capital market assets total as much as $300 trillion—a significant difference in scale.
The IMF said that safe development of the asset tokenization market requires three fundamental conditions: establishing legal certainty, creating a clear regulatory framework, and ensuring interoperability between on-chain systems.
The report also warned that as the market expands, traditional financial risks—including selling pressure, liquidity runs, and cross-market contagion—could be amplified.
The IMF recommended that policymakers adopt technology-neutral regulation, clarify the legal rights associated with tokenized assets, harmonize regulatory standards for similar activities, connect platforms with the traditional financial system, and continuously monitor interconnectedness, leverage, and liquidity risks.
#IMF #资产代币化
October 8 — The International Monetary Fund (IMF) recently stated that the asset tokenization market is growing rapidly, but remains limited in overall size and highly fragmented.
Data show that the average daily trading volume of tokenized repos is approximately $300 billion to $350 billion, while the value of other tokenized assets is approximately $65 billion.
By contrast, the U.S. repo market averages $13 trillion a day, and global capital market assets total as much as $300 trillion—a significant difference in scale.
The IMF said that safe development of the asset tokenization market requires three fundamental conditions: establishing legal certainty, creating a clear regulatory framework, and ensuring interoperability between on-chain systems.
The report also warned that as the market expands, traditional financial risks—including selling pressure, liquidity runs, and cross-market contagion—could be amplified.
The IMF recommended that policymakers adopt technology-neutral regulation, clarify the legal rights associated with tokenized assets, harmonize regulatory standards for similar activities, connect platforms with the traditional financial system, and continuously monitor interconnectedness, leverage, and liquidity risks.
#IMF #资产代币化