Bank of New York Mellon (BNY) ETF Business Leader Ben Slavin stated that asset management firms are accelerating their ETF tokenization projects, with many institutions launching different forms of on-chain ETF schemes. He said that besides investor demand, many institutions are also worried about missing early market opportunities in tokenized finance, showing a clear "FOMO" sentiment. Although the regulatory framework for tokenized funds, secondary market trading mechanisms, and integration with existing fund infrastructure are not yet fully clear, institutions generally prefer to launch products as soon as possible. Slavin also pointed out that hundreds of tokenized ETF versions are currently circulating outside the traditional financial system in unregulated markets, and related products may not be authorized by the fund issuers, posing brand and reputation risks for asset management firms. (CoinDesk)