BNY Mellon: 'FOMO' is driving asset managers to accelerate tokenized ETF plans

PANews, June 24 – According to The Block, Ben Slavin, Global Head of ETFs at BNY Mellon (BNY), stated that asset managers are accelerating plans for tokenized ETFs, driven primarily by investor demand and a "FOMO" sentiment of missing out on early opportunities in blockchain finance. Slavin revealed that BNY has multiple tokenized ETF projects underway. Although regulations and infrastructure are not yet fully in place, many clients are eager to launch products as soon as possible. He believes blockchain networks have the potential to become a new distribution channel for traditional investment products, enabling round-the-clock holding and transfer of fund shares, shortening settlement times, and expanding global investor reach. Slavin also pointed out that hundreds of well-known ETFs are already being traded in tokenized form on unregulated markets, most without direct authorization from the fund sponsors, which poses reputational risks. This topic has become a focal point of discussion among BNY's asset management clients. While the industry is still exploring core issues such as how tokenized funds connect with existing infrastructure, secondary trading mechanisms, and regulatory frameworks, Slavin noted that asset managers increasingly believe that "getting in early" in this space is more important than "waiting for clarity."

BNY Mellon: 'FOMO' is driving asset managers to accelerate tokenized ETF plans

Popular Articles