BNY sees 'FOMO' driving asset managers into tokenized funds
AI Summary
Big Name York (BNY) is observing a rush among asset managers to jump on the bandwagon of tokenized funds, driven by the fear of missing out on early gains in this emerging blockchain-based finance sector. As traditional fund issuers explore blockchain-based ETFs, they're navigating the complexities of integrating innovative token technology. This shift underscores the growing recognition of blockchain's potential to revolutionize asset management, signaling a significant industry transformation.
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