IMF Report: Tokenized Real-World Assets Reach $65.1 Billion, Automatic Liquidation Risks Amplified

According to ChainCatcher, Chapter 3 of the IMF’s Global Financial Stability Report, released in October 2026, indicates that as of July 31, the total value of tokenized real-world assets—excluding repurchase agreements and stablecoins—was approximately $65.1 billion, comprising $30.4 billion in tokenized credit, $17.5 billion in money market funds, and $2.3 billion in tokenized equities. The report notes that automated clearing, instant settlement, continuous trading, and programmable collateral could accelerate forced liquidations and amplify financial shocks during periods of market stress. The reuse of collateral across platforms may also increase leverage, enabling risks to propagate more rapidly across institutions and markets. The IMF identifies four key barriers to broader adoption of tokenized markets: legal certainty, regulatory clarity, blockchain network interoperability, and reliable settlement assets. It recommends adopting technology-neutral regulation, strengthening oversight, implementing circuit breakers, and mitigating instability risks from automated clearing.