Tokenization's next use case is personalized portfolios, NYLIM executive says

New York Life Investment Management (NYLIM) sees tokenization’s next major use case as enabling personalized investment portfolios at scale, rather than just faster settlement or 24/7 trading. Thomas Sy, head of multi-asset solutions at NYLIM, said blockchain could let asset managers embed customization into the assets themselves and reduce operational complexity, according to CoinDesk, potentially lowering back-office costs by 10% or 20%. NYLIM recently teamed up with Centrifuge (CFG) to bring a high-yield corporate bond strategy onchain.