From Stablecoins to Tokenized Deposits: IMF Reveals the Next Evolution of Global Finance - Devdiscourse — 2026-07-07

## Short Segments Galaxy Digital completes a major milestone, delivering 133 megawatts of critical IT load to CoreWeave at its Helios campus in West Texas. This marks the transition of the site from construction to commercial operation, as Galaxy begins earning lease revenue under a 15-year agreement. Also, Coinbase secures a UK investment services license, expanding its offerings to include derivatives and equities trading. Coming up, we'll explore how the IMF envisions tokenization reshaping global finance. Galaxy Digital delivers 133 megawatts of critical IT load to CoreWeave as Helios bitcoin mine turns AI hub. Galaxy Digital has successfully transitioned its Helios campus in West Texas from construction to commercial operation, delivering 133 megawatts of critical IT load to CoreWeave. This delivery completes Phase I of the site's AI conversion, marking a significant step in Galaxy's strategy to build AI infrastructure. The 15-year agreement with CoreWeave allows Galaxy to begin earning lease revenue, with payments starting in the second quarter of 2026. This development not only highlights Galaxy's capability to meet its project timelines but also positions the company as a key player in the AI infrastructure space. As Phase II development continues, the Helios campus is set to further expand its capacity, reinforcing Galaxy's commitment to innovation in digital assets and data center infrastructure. Coinbase secures UK investment services license to add derivatives and equities trading. Coinbase has obtained a UK investment services license, allowing it to expand its offerings to include derivatives and equities trading. This move enables Coinbase to provide institutional and advanced traders with access to derivatives, while retail users can now trade equities. The license marks a significant expansion for Coinbase in the UK market, broadening its scope beyond traditional spot trading. By securing this authorization, Coinbase strengthens its position as a comprehensive financial platform, catering to a diverse range of trading needs. This development reflects Coinbase's ongoing efforts to enhance its regulatory compliance and expand its global footprint, offering more diversified financial products to its users. ## Feature Story From stablecoins to tokenized deposits, the IMF reveals the next evolution of global finance. The International Monetary Fund (IMF) has released a report highlighting the transformative potential of tokenization in global finance. Tokenization, which involves representing assets like stocks, bonds, and bank deposits on blockchain ledgers, promises to make financial transactions faster and cheaper. By enabling instant trades, ownership transfers, and payments through smart contracts, tokenization could streamline financial markets and enhance efficiency. However, the IMF warns that this transformation comes with risks. The removal of time buffers that traditionally slow the spread of financial shocks could make tokenized finance more susceptible to sudden market crises. The IMF emphasizes the need for strong regulation, interoperability, and central bank involvement to mitigate these risks and ensure financial stability. Tobias Adrian, director of the IMF's Monetary and Capital Markets Department, notes that the impact of tokenization on the financial system will depend on policy decisions regarding money, market infrastructure, and legal frameworks. The IMF urges governments, development partners, and private-sector stakeholders to build secure legal frameworks and modern digital infrastructure to support innovation while safeguarding against systemic risks. This acknowledgment from a global policymaker underscores the growing recognition of blockchain-based infrastructure as a mainstream component of financial markets. As tokenization continues to gain traction, the focus will be on developing robust regulatory frameworks that balance innovation with stability. Looking ahead, the success of tokenized finance will hinge on the ability of stakeholders to collaborate and create a cohesive ecosystem that supports both technological advancement and financial security. The IMF's report serves as a call to action for policymakers and industry leaders to navigate the complexities of this evolving landscape and harness the potential of tokenization to reshape global finance.