Tokenisation could reshape global finance, IMF warns

The International Monetary Fund (IMF) has warned that the rapid development of tokenised finance could either strengthen the global financial system or create new sources of instability, depending on the policy decisions taken by governments and regulators.

Tokenisation is more than a technological upgrade, the IMF said, arguing that moving financial assets and liabilities onto shared digital ledgers could fundamentally alter how markets operate, how risks are distributed and how authorities...