Svmuu News The IMF released a 23-page report on Thursday, noting that tokenization has the potential to eliminate financial friction and enhance transparency, but its net effect on financial stability remains uncertain. The report stated that atomic settlement and increased transparency reduce some traditional risks, but speed and automation introduce new risks. Stress events in tokenized markets could unfold faster than in traditional systems, leaving less time for human intervention.
The IMF also stated that tokenization offers emerging markets opportunities to accelerate cross-border payments and promote financial inclusion, but it also brings risks of increased capital flow volatility, rapid currency substitution, and weakened monetary sovereignty. Furthermore, the report pointed out that without legal clarity on ownership records and settlement finality, tokenized markets could face fragmentation and marginalization.
The total value of on-chain tokenized real-world assets (excluding stablecoins) currently exceeds $27.6 billion. Boston Consulting Group estimated in 2022 that the tokenization market could reach $16 trillion by 2030, while McKinsey provided a more conservative forecast of $2 trillion in 2024.