Tokenization is squeezing into the ETF and fund industry, and the direction is already clear, but it will still take time for products to really take off. Faster subscription and redemption, quicker settlement, and availability throughout the day—these selling points are valid, but the industry needs to turn these advantages into scalable, replicable processes. Currently, it seems more like an expectation to take a step ahead; real applications are still on the way.


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