Tokenization to Enable Personalized Investing at Scale: NYLIM Executive

New York Life Investment Management's Thomas Sy believes tokenization's biggest opportunity lies in rebuilding how investment portfolios are constructed, allowing for personalized investing at scale.

Sy, head of multi-asset solutions at NYLIM, oversees about $11 billion within the $807 billion asset management arm of insurer New York Life.

The executive said blockchains could eventually allow asset managers to craft tailored portfolios to individual investors, something that today's financial system cannot.