Thomas Sy: The core of the next stage of tokenization lies in achieving personalized investment portfolio construction

Thomas Sy, the head of New York Life Investment Management, stated that the core application of tokenization in the next stage is to achieve personalized investment portfolio construction, rather than just improving settlement efficiency. The management scale of New York Life Investment Management Company is approximately $807 billion, of which approximately $11 billion is managed by Thomas Sy's team. Thomas Sy pointed out that blockchain technology is expected to enable asset management institutions to customize complex portfolio strategies for different investors at a large scale, and embed customized logic into the assets themselves. In addition, Thomas Sy stated that the scale of stablecoins has exceeded $300 billion and is being used for cross-border payments and fund management, driving the growth of demand for on chain income assets among institutions. In terms of DeFi, New York Life Investment Management is still researching related applications, and institutional level participation requires more mature infrastructure.