Thomas Sy, an executive at NYLIM, the asset management platform under New York Life, stated that the next important use case for tokenization will be personalized portfolios, not just faster settlements or 24/7 trading. He believes blockchain can help asset management firms build customized portfolios for individual investors at scale and optimize backend processes like transfer agents and settlements. Sy also mentioned that stablecoins are becoming the gateway for traditional financial institutions to move on-chain, potentially driving demand for institutional-grade tokenized investment products in the future. However, institutional participation in decentralized finance (DeFi) still requires further maturity in infrastructure like tokenized collateral, central clearing, and prime brokerage. https://(wublock123.com)/news/nylim-exec-tokenization-next-phase-personalized-portfolios-64041