Thomas Sy, an executive at NYLIM, the asset management platform under New York Life, stated that the next key use case for tokenization will be personalized portfolios, not just faster settlement or 24/7 trading. He believes that blockchain can help asset managers build customized portfolios for individual investors at scale and optimize back-office processes such as transfer agency and settlement. Sy also noted that stablecoins are becoming an on-ramp for traditional financial institutions to enter the blockchain, which may in the future drive demand for institutional-grade tokenized investment products. However, for institutions to participate in decentralized finance (DeFi), further maturation of infrastructure such as tokenized collateral, central clearing, and prime brokerage is still needed. (CoinDesk)

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