Tokenization · New York · Wall Street · CoinDesk
Tokenization's next tap case is personalized portfolios, NYLIM executive confirms
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Tokenization advocates often point to faster settlement, around-the-clock trading and using the tokens in decentralized finance (DeFi) as the biggest advantages of bringing traditional assets onto blockchain rails.
Key facts
- The market for tokenized real-world assets could reach $5.5 trillion by 2030 from the current $30 billion, Citi projected
- The executive, whose team oversees about $11 billion within the $807 billion asset management arm of insurer New York Life, said blockchains could eventually allow asset managers to craft tailored
- If you can bring that down by 10% or 20%, that's a better outcome for our clients," Sy said
- The stablecoin market has grown to over $300 billion, and its increasingly used for cross-brder payments
Summary
New York Life Investment Management's Thomas Sy argues tokenization's biggest opportunity is personalized investing. Institutional DeFi needs market infrastructure to catch up, he added. Thomas Sy, head of multi-asset solutions at New York Life Investment Management (NYLIM), said that the technology's biggest opportunity lies elsewhere: rebuilding how investment portfolios are constructed. The executive, whose team oversees about $11 billion within the $807 billion asset management arm of insurer New York Life, said blockchains could eventually allow asset managers to craft tailored portfolios to individual investors at a scale, something that today's financial system cannot.