[JPMorgan Executive: Tokenization Will Transform ETFs and the Entire Fund Industry, But Good Use Cases Are Still Years Away] According to a report by Jinse Finance, on April 26, 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 also for the entire fund industry.' Ciarán Fitzpatrick pointed out that given the potential benefits of tokenization, such as more convenient subscriptions and redemptions, '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 it will take a few more years before we see truly good practical use cases.'