JPMorgan executive: Tokenization will change ETFs and the entire fund industry, but it will still take several years before good real-world application cases emerge

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ME News message: On April 26 (UTC+8), Ciarán Fitzpatrick, Global Head of ETF Product at JPMorgan Securities Services, said: "We believe tokenization will certainly drive changes in the market—not only for ETFs, but for the entire fund industry as well." Ciarán Fitzpatrick noted that, given that tokenization could bring many benefits, such as more convenient subscription and redemption, "near-instant settlement" and uninterrupted access, experiments with tokenized ETF products are still ongoing. He added: "I think tokenization will become part of the ETF ecosystem, but it will take a few years before some truly good practical use cases actually emerge." (Source: ODAILY)
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