JPMorgan executive tokenization will transform ETFs and the entire fund industry, but it will be years before good use cases emerge

Ciarán Fitzpatrick, global head of ETF products at JPMorgan Securities Services, said: "We believe tokenization will definitely drive changes in the market, not just for ETFs, but for the entire fund industry," TheBlock reported. Ciarán Fitzpatrick pointed out that experiments with ETF tokenization are still in progress, given the many benefits that tokenization may bring, such as more convenient purchases and redemptions,"near-instant settlement" and uninterrupted access. He added: "I think tokenization will be part of the ETF ecosystem, but it's still a few years away from some good practical cases."