The IMF pours cold water on tokenized repos: daily trading volume of $300–350 billion sounds impressive, but next to the U.S. repo market’s $13 trillion, it’s barely a rounding error.

The conclusion boils down to three things: legal certainty, regulatory clarity, and interoperability. Until these three major hurdles are cleared, RWA will remain stuck in the PowerPoint stage.

The direction is right, but the pace is far too slow. These are decade-scale, slow-moving forces—don’t let hype around concept coins rush you into catching a falling knife.

$BTC #RWA #Tokenization