IMF Blog post | Realizing tokenized markets’ potential depends on legal and regulatory clarity, greater interoperability, appropriate settlement assets, and financial stability safeguards to contain risks. The promise of tokenization is enticing: faster transactions, lower costs, broader access, and seamlessly operating markets. The reality, at least for now, is more complicated. Although growing rapidly, tokenized markets remain very small and fragmented. Yet investors are already showing interest in some of their key features, such as round-the-clock trading and fractional ownership...

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