Tokenized Assets Hit $65B, but Adoption Barriers Persist: IMF

연합뉴스-Yonhap News Agency

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(Seoul = Yonhap News) Reporter Lee Do-heun = The International Monetary Fund (IMF) pointed out that attention should be paid to financial vulnerabilities arising from the expansion of the tokenization market.

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The International Monetary Fund (IMF) assessed that the tokenization of financial assets “possesses the potential to bring about a transformation in financial markets.” The IMF held a joint event with the Bank of Korea on the 8th at the Bank of Korea Annex in Jung-gu, Seoul, and presented a report titled ‘Expanding Tokenization: New Efficiency and Vulnerability’ containing these findings.

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The International Monetary Fund assessed that as the global real asset token securities market grows nearly fourfold annually, there is an urgent need to establish international legislation and payment system standards to protect investors and prevent market disputes.

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The tokenization of financial assets promises faster transactions and open markets 24 hours a day. However, the sector is still limited. In its latest report, the IMF points out that volumes remain low in the face of traditional markets and that platforms struggle to communicate with each other. The article Tokenized finance grows, but remains fragmented, according to the IMF appeared first on Cointribune.