The International Monetary Fund said in Chapter 3 of its October 2026 Global Financial Stability Report that tokenized real-world assets had reached about $65.1 billion as of July 31, excluding repurchase agreements and stablecoins. Within that total, tokenized credit stood at $30.4 billion, money market funds at $17.5 billion, and tokenized equities at $2.3 billion. The IMF said several design features in tokenized markets could intensify stress when conditions deteriorate. It pointed to auto-liquidation, instant settlement, continuous trading, and programmable collateral as mechanisms that may accelerate forced unwinds and magnify financial shocks. The report also warned that reusing collateral across platforms could increase leverage and allow risks to spread more quickly across institutions and markets. The IMF identified four obstacles to broader adoption in tokenized markets: legal certainty, regulatory clarity, blockchain interoperability, and reliable settlement assets. It recommended technology-neutral regulation, stronger oversight, circuit breakers, and measures to reduce instability tied to automated liquidation. The findings were cited by Bitcoin.com News and relayed by Odaily.
The International Monetary Fund said in Chapter 3 of its October 2026 Global Financial Stability Report that tokenized real-world assets totaled about $65.1 billion as of July 31, excluding repurchase agreements and stablecoins.
By segment, tokenized credit accounted for $30.4 billion, money market funds for $17.5 billion, and tokenized equities for $2.3 billion.
IMF flags stress risks in automated market structures
The report said auto-liquidation, instant settlement, continuous trading, and programmable collateral could accelerate forced liquidations and amplify financial shocks during periods of market stress. It also said the reuse of collateral across platforms may increase leverage and transmit risks more quickly across institutions and markets.
Four barriers remain for broader tokenization
The IMF listed legal certainty, regulatory clarity, interoperability across blockchain networks, and reliable settlement assets as four obstacles to wider use of tokenized markets.
It recommended technology-neutral regulation, stronger supervision, circuit breakers, and safeguards against instability tied to automated liquidation.
Bitcoin.com News cited the report, and Odaily carried the item.
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