IMF Reports Tokenized Repos Average $300B to $350B in Daily Volume
Summary
The International Monetary Fund (IMF) reported that the average daily volume for tokenized repos is between $300 billion and $350 billion, significantly smaller than the $13 trillion in the traditional U.S. repo market. The IMF highlighted that tokenized markets are still small and fragmented, emphasizing the need for legal certainty, regulatory clarity, and interoperability to promote safe growth. It warned that increasing scale in these markets could exacerbate risks such as fire sales and contagion, suggesting that the principle of same activity, same risk, same regulation should apply to tokenized assets.
Analysis
IMF: The International Monetary Fund is an international organization that promotes global financial stability, monitors economic developments, and provides policy advice to its member countries. In its latest Global Financial Stability Report chapter released on October 8, 2026, the IMF examined the expansion of asset tokenization, highlighting efficiency benefits alongside emerging vulnerabilities in liquidity, leverage, and interconnectedness that call for stronger regulatory frameworks and oversight. Regulation: The IMF recommended applying the principle of same activity, same risk, same regulation to tokenized assets while supporting the use of regulatory sandboxes and legal certainty for token rights. Risk Management: Tokenization could create new channels that amplify traditional financial vulnerabilities such as liquidity shocks and contagion through automated processes and collateral reuse. Market Development: Asset tokenization is advancing with growing interest in interoperability across platforms and the potential role of central bank money in securities settlement.
Categories
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Related sources
- https://www.elibrary.imf.org/downloadpdf/view/journals/068/2026/006/article-A000-en.pdf
- https://www.imf.org/en/publications/imf-notes/issues/2026/07/01/the-rise-of-tokenization-deciphering-new-trends-in-payments-and-asset-tokenization-577138
- https://en.sedaily.com/finance/2026/10/08/imf-warns-asset-tokenization-breeds-new-vulnerabilities
- https://www.imf.org/-/media/files/publications/imf-notes/2026/english/insea2026006.pdf
- https://www.imf.org/-/media/files/publications/wp/2026/english/wpiea2026136-source-pdf.pdf
- https://en.infomaxai.com/news/articleView.html?idxno=142492
- https://en.fnnews.com/news/202610081408435488
- https://biz.heraldcorp.com/article/10896994
- https://forbes.es/ultima-hora/1040082/el-fmi-demanda-avanzar-en-regulacion-de-activos-tokenizados-con-la-vista-puesta-en-la-neutralidad-tecnologica/