IMF: “Tokenized Finance Transforms the Structure of the Financial System Itself” In a recent report, the International Monetary Fund (IMF) assessed that tokenized finance has moved beyond simple digitalization and entered a stage of “financial structural transformation.” - Tokenization of assets and liabilities: Reduced intermediation processes + Real-time settlements possible - Integration of transactions, settlements, and custody: Significantly improved efficiency - Risk and compliance: Code-based automation * Increased transaction speeds also present the possibility of risk propagation and market instability. The IMF emphasized that for stable adoption, trust-based payment methods such as CBDCs, regulated stablecoins, and tokenized deposits, along with the establishment of relevant laws and regulations, are necessary. Simply put... the IMF has acknowledged that tokenization is the future of finance. They viewed the DeFi structure we currently use as the future financial infrastructure... From a crypto perspective, we can consider it as follows: - Stablecoins / CBDC → Confirmed core infrastructure - RWAs / Tokenized assets → Entry into the mainstream - On-chain finance → Potential to replace existing finance