BNY Mellon's Global Head of ETFs, Ben Slavin, reports that asset managers are hastening their tokenized ETF plans due to investor demand and a fear of missing out (FOMO) on blockchain finance opportunities. Despite incomplete regulations and infrastructure, many clients are eager to launch tokenized products, viewing blockchain as a potential new distribution channel for traditional investments. Slavin highlighted that numerous well-known ETFs are already traded in tokenized form on unregulated markets, often without fund sponsors' authorization, posing reputational risks. The industry is actively discussing how tokenized funds will integrate with existing systems and regulatory frameworks, with a growing consensus that early entry is crucial despite the lack of clarity.