BNY sees 'FOMO' driving asset managers into tokenized funds

60-second summary

BNY Mellon is witnessing a surge in demand for tokenized funds as asset managers rush to establish a presence in blockchain-based ETFs, driven by fear of missing out on the early mover advantage in tokenized finance. This trend is expected to continue, with over 100 fund issuers exploring tokenization, sparking a heated competition in the space.