BNY sees 'FOMO' driving asset managers into tokenized funds

BNY Mellon has reported a surge in interest from asset managers in tokenized funds, driven by a growing sense of "fear of missing out" (FOMO) on the digital asset revolution. As institutional investors seek innovative ways to enhance liquidity and accessibility, tokenization is emerging as a key solution. The bank highlights that this trend is not just a passing phase but a significant shift in how assets are managed and traded. With the potential to streamline transactions and lower costs, tokenized funds are becoming increasingly appealing in the competitive investment landscape. BNY Mellon aims to support this transition by providing the necessary infrastructure and expertise.