IMF warns that tokenized finance could amplify market crises beyond regulators' response capabilities

金色财经_ · 2026-04-04T23:27:29+00:00

The International Monetary Fund warns that Wall Street's migration of trading infrastructure to blockchain systems could accelerate financial crises beyond regulatory capacity. The IMF considers tokenization to be a structural reshaping of the financial system, with many financial institutions already testing the technology to improve trading convenience and revenue.

金色财经_

2026-04-04 23:27:29

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Golden Finance reports that, on April 5, the International Monetary Fund (IMF) said that moving Wall Street’s trading infrastructure to a blockchain-based system could accelerate the outbreak of a financial crisis, thereby exceeding the ability of regulators to respond, even though the technology is expected to reduce costs and eliminate settlement delays. In a report published Thursday, IMF’s Tobias Adrian wrote that tokenization—i.e., representing assets such as stocks, bonds, and cash with digital tokens on a shared ledger—is a structural reshaping of the financial system’s architecture, not a marginal improvement in efficiency. Banks, clearing institutions, and asset management firms such as BlackRock and JPMorgan Chase are already conducting on-site pilot tests of this technology. They hope to increase fee income by improving the tradability of traditional assets such as stocks and bonds. (East News Agency)

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