IMF Warns Tokenized Finance Could Worsen Market Crises
The International Monetary Fund states that tokenized finance may increase stress during market turmoil and urges settlement systems anchored to central bank money.
Summary
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Terms & Concepts
Tokenized finance: The conversion of financial assets into blockchain-based tokens that can be transferred and settled digitally.
Settlement: The final transfer of cash or assets between parties after a trade is completed.
Central bank money: Money issued or backed by a central bank, typically seen as the safest settlement asset in the financial system.