IMF pegs daily tokenized repo volume at $300B–$350B while flagging legal gaps
According to the IMF's Global Financial Stability Report, on-chain repurchase agreements turn over roughly $300 billion to $350 billion each day. Some gauges are higher, including a 30-day moving average near $371 billion and platform figures around $350 billion to $365 billion. The IMF warns that the sector is still small, fragmented, and short on legal clarity compared with traditional repo markets.
The IMF’s October 2026 financial stability review puts daily on-chain repurchase turnover at about $300–$350 billion. A 30-day average is closer to $371 billion, while Canton Network and Broadridge’s ledger-based repo service report roughly $350 billion and $365 billion per day, respectively.
Traditional US repo remains much larger: around $4.6 trillion outstanding in January 2026, with some daily estimates near $13 trillion. By July 2026, assets recorded on-chain apart from repos and stablecoins totaled about $65 billion, mostly bonds and money-market funds; tokenized equities were about $2.3 billion.
As tokenized repo expands, faster settlement and round-the-clock trading could alter how banks, funds, and crypto firms manage cash and collateral. Retail investors and savers may see indirect effects through money-market yields, borrowing costs, or stress episodes. Regulators could face calls for clearer rules, while legal uncertainty may slow adoption or concentrate activity among a few platforms.