[New York Life Asset Management Executive: The Biggest Opportunity in Tokenization Lies in Personalized Investment] According to a report by Coindesk, Thomas Sy, Head of Multi-Asset Solutions at New York Life Investment Management (NYLIM), which manages $800 million in assets, stated in an interview that blockchain could ultimately enable asset management firms to tailor investment portfolios for individual investors on a large scale—something the current financial system cannot achieve. 'We believe the future of asset management lies in personalization. And the only technology that can help us achieve this goal at scale is blockchain.' Personalized investment strategies often combine ETFs, bonds, private credit, and other assets, which introduces operational complexity and makes scaling personalization difficult. Tokenization can simplify transfer agents, settlements, and other back-office processes, reducing costs and ultimately benefiting investors.