NYLIM Executive: Tokenization's Biggest Opportunity Lies in Personalized Investment

CoinFeed reported on July 5, according to Coindesk, Thomas Sy, Head of Multi-Asset Solutions at New York Life Investment Management (NYLIM), which manages $800 million in assets, said in an interview that blockchain could eventually enable asset management companies to tailor investment portfolios to individual investors at scale, something that is not possible in today's financial system. "We believe the future of asset management lies in personalization. And the only technology that can help us achieve this at scale is blockchain." Personalized investment strategies typically combine ETFs, bonds, private credit, and other assets, which creates operational complexity and makes personalization difficult to scale. Tokenization can simplify transfer agents, settlements, and other back-office processes, reduce costs, and ultimately benefit investors.