Tokenization · Stability AI · CoinDesk
IMF catches demand for tokenized stocks, confirms the market is still volatile, illiquid
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
Tokenized stocks are already delivering two of crypto’s long-promised benefits: round-the-clock trading and the ability to buy a fraction of a share.
Key facts
- Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%
- It said the tokenized real-world asset (RWA) market has grown rapidly, estimating it at about $65 billion as of July 31
- For the report, those figures are evidence that investors value 24/7 access and lower entry points, not the technology behind a tokenized stock
- Crypto exchanges Coinbase Global (COIN), Kraken and Binance also offer tokenized stock trading, as does Robinhood Markets (HOOD)
Summary
Tokenized U.S. stocks offer round-the-clock trading and fractional ownership, with more than half of trades occurring outside regular market hours and about 80% involving less than one share, the IMF found. Overnight price moves carried useful information, with more than 85% reflected in conventional shares within five minutes of markets opening. The IMF said tokenized equities remain a small, fragmented market that could improve settlement and automation, but require stronger legal, liquidity and interoperability safeguards. The IMF’s latest Global Financial Stability Report, titled Scaling Tokenization: New efficiencies and new vulnerabilities, examines the five most actively traded tokenized U.S. equities, including Tesla (TSLA), Nvidia (NVDA) and Alphabet (GOOG) as well as measures such as the Nasdaq 100 Index, across centralized and decentralized venues.