BNY Flags FOMO-Driven Asset Manager Entry Into Tokenized Funds

BNY published commentary identifying fear of missing out as driving asset managers into tokenized fund products. Allfunds brought its €1.8 trillion fund network onto Solana as a tokenized fund platform. Mantle separately brought a Franklin Templeton ETF on-chain via an Ethereum Layer 2, advancing RWA tokenization on L2 infrastructure.