#IMFWarnsTokenizationShiftsRiskToCode #IMFWarnsTokenizationShiftsRiskToCode
The International Monetary Fund (IMF) warned that while tokenization can improve efficiency and reduce intermediaries, it also shifts financial risks from traditional institutions to smart contracts and software code. The IMF emphasized the need for robust governance, cybersecurity, and regulatory oversight to address vulnerabilities such as coding errors, exploits, and operational failures in tokenized financial systems.
The International Monetary Fund (IMF) warned that while tokenization can improve efficiency and reduce intermediaries, it also shifts financial risks from traditional institutions to smart contracts and software code. The IMF emphasized the need for robust governance, cybersecurity, and regulatory oversight to address vulnerabilities such as coding errors, exploits, and operational failures in tokenized financial systems.