Bank of New York Mellon: FOMO sentiment is driving asset management firms to accelerate tokenization ETF deployment

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ME News Report, June 24 (UTC+8), New York Mellon Bank (BNY) Global ETF Head Ben Slavin stated that asset managers are accelerating their tokenized ETF plans, mainly driven by investor demand and FOMO (fear of missing out) over early blockchain finance opportunities. Slavin revealed that BNY has several tokenized ETF projects in progress, although regulation and infrastructure are not yet fully ready, many clients want to launch products as soon as possible. He believes blockchain networks could become a new distribution channel for traditional investment products, enabling 24/7 holding and transfer of fund shares, shortening settlement times, and expanding global investor coverage. Slavin also pointed out that hundreds of well-known ETFs are already trading in tokenized form on unregulated markets, most of which are not directly authorized by the fund sponsors, posing reputational risks. This topic has become a focus of discussion among BNY asset management clients. Although the industry is still exploring key issues such as integrating tokenized funds with existing infrastructure, secondary trading mechanisms, and regulatory frameworks, Slavin said that asset managers are increasingly inclined to believe that "early entry" in this field is more important than "waiting for clarity." (Source: ChainCatcher)
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