IMF Examines Tokenization of Financial Assets in New Report

연합뉴스-Yonhap News Agency

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(Seoul = Yonhap News) Reporter Lee Do-heun = The International Monetary Fund (IMF) pointed out that attention should be paid to financial vulnerabilities arising from the expansion of the tokenization market.

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The International Monetary Fund (IMF) assessed that the tokenization of financial assets “possesses the potential to bring about a transformation in financial markets.” The IMF held a joint event with the Bank of Korea on the 8th at the Bank of Korea Annex in Jung-gu, Seoul, and presented a report titled ‘Expanding Tokenization: New Efficiency and Vulnerability’ containing these findings.

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The International Monetary Fund assessed that as the global real asset token securities market grows nearly fourfold annually, there is an urgent need to establish international legislation and payment system standards to protect investors and prevent market disputes.

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There is great potential in tokenization, but the reality is complicated and success depends on several factors being met, IMF economists write in a subchapter of the upcoming Global Financial Stability Report.