On July 5, Coindesk reported that Thomas Sy, head of multi-asset solutions at New York Life Investment Management (NYLIM), which manages $800 million in assets, stated in an interview that blockchain could ultimately enable asset management firms to tailor investment portfolios for individual investors on a large scale, something the current financial system cannot achieve. 'We believe the future of asset management lies in personalized customization. The only technology that can help us achieve this goal at scale is blockchain.' Personalized investment strategies often combine ETFs, bonds, private credit, and other assets, leading to operational complexities that make personalization difficult to scale. Tokenization can simplify transfer agency, settlement, and other back-office processes, reducing costs and ultimately benefiting investors. NYLIM is the latest asset management giant to join the tokenization trend, partnering with Centrifuge (CFG) to bring one of its high-yield corporate bond strategies on-chain.
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NY Life Asset Management Executive: The Biggest Opportunity of Tokenization Lies in Personalized Investment
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