JPMorgan says tokenization will drive change across entire funds industry, but ‘good use cases’ still years away
The Block
JPMorgan executive Ciarán Fitzpatrick expects tokenization to transform the funds industry, though practical, widespread use cases remain several years from maturity.Summary
JPMorgan’s global head of ETF product, Ciarán Fitzpatrick, asserts that tokenization will eventually reshape the entire funds industry, offering benefits such as near-instant settlement and continuous market access. While experimentation is ongoing through the bank's Kinexys blockchain unit, Fitzpatrick notes that viable, large-scale use cases are still several years away. Meanwhile, the broader financial sector and regulators, including the SEC, are increasingly engaging with the potential of tokenized equities, with some analysts predicting the market could grow into the trillions by 2030.
(Source：The Block)