The International Monetary Fund pointed out that as of July, the size of tokenized real-world assets reached $65 billion, far less than the global capital market assets of $30 trillion. Among them, tokenized credit products account for about 30.4 billion US dollars, money market funds account for about 17.5 billion US dollars, and tokenized stocks account for about 2.3 billion US dollars. The liquidity of tokenized stocks is lower than that of traditional markets, with an actual volatility of about 1.5 times that of traditional stocks. Legal uncertainty, insufficient interoperability, and lack of settlement assets limit the development of tokenization, and market interdependence and increased leverage may amplify liquidity risks. At present, the systemic risks brought by tokenized assets are limited. (Source: International Monetary Fund)
