The IMF warns that markets #tokenizados are more volatile and less liquid than traditional markets, and that scaling them up could open new channels for panic selling, liquidity runs, and contagion. Unlike centralized traditional markets, tokenized assets are often spread across multiple platforms, decentralized finance protocols, and different blockchains. Lower liquidity per platform means sharper price swings and greater volatility.
If tokenization scales without appropriate regulation and infrastructure, the IMF warns that it could open new channels of systemic vulnerability. As traditional financial institutions, such as banks and fund managers, adopt tokenization to improve efficiency, a collapse in tokenized markets could quickly spill over to the balance sheets of traditional financial institutions, affecting credit and overall macroeconomic stability.
If tokenization scales without appropriate regulation and infrastructure, the IMF warns that it could open new channels of systemic vulnerability. As traditional financial institutions, such as banks and fund managers, adopt tokenization to improve efficiency, a collapse in tokenized markets could quickly spill over to the balance sheets of traditional financial institutions, affecting credit and overall macroeconomic stability.