Jono is Primed for Tokenized ’40 Act Funds

The ETF specialist is prepping a new platform that it hopes will revolutionize distribution and bring shareholder relationships back home.

Editor’s Note: BlackRock CEO Larry Fink told the world that he sees the future of mutual funds as being tokenized. Those remarks have gone viral in the digital asset community, but so far the tokenization of mutual funds is an idea awaiting action. The first tokenized mutual fund from Franklin Templeton saw its already paltry asset base fall from $1.9 million to $1.3 million, but that fund was more of a test of concept than real product. In the coming months, though, we are going to see the launch of 10 or more funds in what is the first determined effort to do to ETFs what ETFs did to mutual funds.