[JPMorgan Executive: Tokenization Will Transform ETFs and the Entire Fund Industry, But Good Use Cases Are Still Years Away] According to The Block, Ciarán Fitzpatrick, Global Head of ETF Products at JPMorgan Securities Services, stated: 'We believe tokenization will undoubtedly drive market changes, not only for ETFs but for the entire fund industry as well.' Ciarán Fitzpatrick pointed out that given the potential benefits of tokenization, such as more convenient creation and redemption, 'near-instant settlement,' and uninterrupted access, experiments with ETF tokenization are still ongoing. He added: 'I think tokenization will become part of the ETF ecosystem, but we are still a few years away from seeing truly good practical use cases.'