---
title: "IMF says policy choices will determine whether tokenization strengthens or fragments the financial system"
url: https://thecoingazette.com/imf-says-policy-choices-will-determine-whether-tokenization-strengthens-or-fragments-the-financial-system/
date: 2026-07-03
modified: 2026-07-03
author: "Coin Gazette Editorial"
description: "The IMF's Tobias Adrian said risks could shift from banks toward market infrastructure providers and smart contracts as tokenization expands."
categories:
  - "Crypto News"
  - "tokenization"
tags:
  - "banks"
  - "Crypto Ecosystems"
  - "infrastructure"
  - "Market"
  - "Markets"
  - "Policy"
  - "smart contracts"
  - "The Block"
  - "tokenization"
  - "web3"
word_count: 20
---

# IMF says policy choices will determine whether tokenization strengthens or fragments the financial system

The IMF's Tobias Adrian said risks could shift from banks toward market infrastructure providers and smart contracts as tokenization expands.