If the fund industry is truly transformed by tokenization, issuance, subscription and redemption, clearing, and reconciliation all need to be rewritten.

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CryptoFrontier
JPMorgan: Tokenization Will Transform Funds Industry, 'Good Use Cases' Still Years Away
JPMorgan's global head of ETF product, securities services, said tokenization should drive change across the entire funds industry, though practical applications remain on the horizon. Ciarán Fitzpatrick stated in a post from Friday that "tokenization will certainly drive how the market changes,
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