BNY sees 'FOMO' driving asset managers into tokenized funds
2026-06-23 16:35:39
BNY says asset managers are moving quickly to launch tokenized funds, with fund issuers exploring blockchain-based ETFs amid fears of missing an early foothold in tokenized finance. Ben Slavin, BNY’s global head of ETFs, said the bank has “a number of different projects in flight” to tokenize ETFs, according to CoinDesk, as firms including BlackRock and Franklin Templeton look to put traditional products on blockchain rails. Slavin said unresolved questions on infrastructure, secondary trading and regulation have not slowed interest, and warned that hundreds of ETFs are already trading as tokenized versions in unregulated markets, creating reputational risk for issuers.
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