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

CoinFeed June 24 news, according to The Block, BNY Mellon (BNY) global head of ETFs Ben Slavin said asset managers are accelerating tokenized ETF plans, driven mainly by investor demand and 'FOMO' fear of missing out on early blockchain finance opportunities. Slavin revealed BNY has multiple tokenized ETF projects underway; although regulation and infrastructure are not fully ready, many clients want to launch products early. He believes blockchain networks could 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 coverage. Slavin also noted that hundreds of well-known ETFs are already trading in tokenized form on unregulated markets, mostly without direct authorization from fund sponsors, posing reputational risks.