Tokenization's next use case is personalized portfolios, NYLIM executive says
New York Life Investment Management is exploring blockchain tokenization as a way to scale personalized investment portfolios for individual clients. The firm believes embedding customization directly into tokenized assets will reduce operational complexity compared to traditional methods.
Why it matters
Indicates a shift in financial services from using blockchain merely for asset replication to using it for structural changes in portfolio management.
Thomas Sy, head of multi-asset solutions at New York Life Investment Management (NYLIM), said in an interview with CoinDesk that the technology's biggest opportunity lies elsewhere: rebuilding how investment portfolios are constructed.
Business reporting on industry trends without taking a stance on the efficacy of the technology.
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