Regulation· ★★★· neutral·

IMF: tokenization market grows fast but stays small and fragmented

  • —Public tokenized assets excluding repo total about $65 billion as of July
  • —Tokenized equities stand at roughly $23 billion, with Ondo and xStocks holding over 70%
  • —About 80% of tokenized equity trades are smaller than one share
  • —Realized volatility of tokenized equities is about 1.5x that of the underlying stocks
Why it matters: The IMF sees limited systemic risk for now, but warns that broader adoption could amplify selloffs, liquidity runs and contagion.
Source: 動區 BlockTempo