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Deep Tide TechFlow News: On June 24, according to CoinDesk, Bank of New York Mellon (BNY) said that FOMO (fear of missing out) sentiment is driving asset management firms into the tokenized fund market. Fund issuers are currently exploring blockchain-based exchange-traded funds (ETFs) with the goal of not missing out on an early foothold in the tokenized finance space.
BNY believes this market behavior reflects the urgency among asset management institutions regarding emerging financial forms. Fund issuers are actively assessing the relevant technological routes to respond to potential market shifts. All parties are trying to establish their positions in the early stages of tokenized finance development.