Search results for Tobias Adrian
Crypto
Tokenised real-world assets market tops $38.86 billion, next task is liquidity
The on-chain market for tokenised real-world assets (RWA) has risen above $38.86 billion, but analysts say the next challenge is improving liquidity and practical use rather than simply increasing the number of listed assets. Castle Labs said tokenised assets must be able to move across exchanges, trade with deep liquidity and be used as loan collateral. Data show Ethereum holds the largest share, while regulatory and infrastructure efforts continue amid concerns over fragmentation.
AI & Enterprise
Central banks warn of financial risks from agentic AI
European central banks and financial regulators warned that agentic artificial intelligence could increase volatility during periods of financial market stress and urged safeguards. They also said existing regulatory frameworks struggle to keep pace with rapid advances in AI. Bank of England Deputy Governor Sarah Breeden raised the need for mechanisms to limit or halt trading if flawed models trigger a market collapse. European Central Bank President Christine Lagarde cited growing cyber and data risks.
Crypto
IMF says tokenisation could strengthen or fragment financial system
Tokenisation will either strengthen or fragment the financial system depending on policy decisions on money, market infrastructure and legal frameworks, Tobias Adrian said. Moving financial assets and liabilities to a shared ledger compresses execution, clearing and settlement into software-run simultaneous processing, he said. The shift could concentrate risk in platforms, code and market infrastructure providers rather than traditional intermediaries. The IMF report cited tokenised deposits, stablecoins and tokenised central bank reserves.
