Federal Reserve Governor Lisa Cook stated that the scale of tokenized assets in the U.S. has doubled over the past year to approximately $25 billion. Tokenization can enhance efficiency in cross-border payments, collateral management, and liquidity, while enabling automated settlements and more flexible financial transaction structures through smart contracts. Cook believes tokenization won’t replace traditional financial infrastructure but is likely to integrate with existing market systems to improve financial system efficiency. At the same time, she warned of potential financial stability issues, such as liquidity risks, interconnectedness of the financial system, and vulnerabilities like network attacks and smart contract flaws in the DeFi ecosystem. https://(wublock123.com)/news/fed-chair-lisa-cook-us-tokenized-assets-25b-financial-stability-risks-60737