New York Life Asset Management executive: The greatest opportunity in tokenization lies in personalized investment

Jinse Finance reported on July 5, citing Coindesk, that Thomas Sy, Head of Multi Asset Solutions at New York Life Investment Management Company (NYLIM), which manages 800 million dollars in assets, stated in an interview that blockchain could eventually enable asset management firms to tailor investment portfolios for individual investors at scale—a feat today’s financial system cannot achieve. "We believe the future of asset management lies in personalized customization. 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 agency, settlement, and other back-office processes, lowering costs and ultimately benefiting investors. NYLIM is the latest asset management giant to join the tokenization trend; it is partnering with Centrifuge (CFG) to bring its high-yield corporate bond strategy on-chain.