Tokenized markets remain small and fragmented, IMF recommends clarifying regulatory frameworks and strengthening interoperability

Odaily reports that the IMF has noted that tokenized repo daily trading volume is approximately $300 billion to $350 billion, while other tokenized assets total around $65 billion. By comparison, the U.S. repo market has a daily average size of approximately $13 trillion, and global capital market assets amount to $300 trillion. The IMF stated that although the tokenized market is growing rapidly, it remains small in scale and highly fragmented. To achieve safe growth, legal certainty must be established, regulatory frameworks must be clarified, and interoperability must be achieved. The IMF also warned that as the market expands, it could amplify traditional financial risks such as sell-offs, liquidity runs, and contagion. Policymakers should clarify the legal rights of tokenized assets, ensure consistent regulation applies to similar activities, and continuously monitor interconnectedness, leverage, and liquidity risks.