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XRP The International Monetary Fund focuses on tokenized assets: Six major institutional test fields
The International Monetary Fund (IMF) has recently turned its attention to the rapidly expanding field of tokenized assets and mentioned major public blockchain networks including XRP Ledger, Stellar, Ethereum and Solana in its analysis report. The trend comes at a time when industry focus is on how financial institutions can embrace blockchain technology to issue regulated stablecoins and improve payment efficiency.
Trend Analysis of Tokenization Finance
In its report "The Rise of Tokenization: Analyzing New Trends in Payment and Asset Tokenization" released in July 2026, the IMF discussed in depth the increasing adoption of public distributed ledger technology (DLT) by banks and financial institutions to issue regulated digital assets. The report does not rank or endorse any specific network, but rather points out that multiple permission-free blockchains are being used for real-world financial applications.
One specific case mentioned in the report is the euro-backed stablecoin EUR CoinVertible (EURCV) issued by Société Générale. The leading French-based financial group has issued the asset on multiple public blockchains, including Ethereum, Solana, XRP Ledger and Stellar. This reveals a trend: regulated entities are trying to test in parallel environments with open public ledgers and private or permissioned networks.
To be clear, the IMF cited these blockchains not as "leading" networks, but as examples of infrastructure for major banks testing regulated stablecoins on public protocols. The discussion highlighted the widespread adoption of public blockchain among global banking partners, including those operating within the SWIFT network.
Market Size, Risks and Cautious Outlook
In another analysis-the October 2026 Global Financial Stability Report: The Expansion of Tokenization: New Efficiencies and New Vulnerability, the IMF assessed the scale and risks brought by the increase in tokenization. The report estimates that as of July 2026, the value of the tokenized real-world asset market will be approximately US$65 billion.
Currently, fixed income products account for the dominant share of these tokenized assets. However, the IMF points out that operational, liquidity and contagion risks are growing as reliance on smart contracts and decentralized ledgers deepens. The report adopts a rather cautious tone, raising concerns rather than advocating a rapid advance in tokenization.
IMF analysts emphasized that while banks are exploring the use of regulated stablecoins on public blockchains such as XRP Ledger and Stellar, the expansion of tokenized real-world asset markets is bringing efficiencies to the financial system, but also introducing new risks.
In two IMF reports in July and October, there were no documents that attempted to rank blockchain or declared any single network dominant. The document only records that several major chains have been selected as platforms for institutional stablecoins testing and deployment.
Interpretation and Industry Reaction
Social media coverage of the IMF's blockchain network has revived discussions, particularly focusing on the role of XRP Ledger and Stellar in Europe's regulated stablecoin implementation. However, the IMF remains neutral and analytical, focusing on infrastructure and market assessments rather than picking preferences among blockchain networks.
Industry discussions reflect this view, interpreting references to individual blockchains as recognition of their infrastructure role rather than explicit endorsements. Market observers continue to monitor how future IMF reports handle the balance of innovation and risk in tokenized finance.
From being cited as infrastructure in regulatory documents to being called "leading" is a step of interpretation rather than a statement of fact by the IMF.
