Bank of America Sees Tokenization as ‘Mutual Fund 3.0,’ Revolutionizing Finance

Bank of America has identified tokenization as the next evolution in asset management, labeling it as ‘Mutual Fund 3.0’. This perspective reflects a growing trend amongst major financial institutions like BlackRock and JPMorgan, who are integrating blockchain technology to reshape traditional financial structures. These advancements aim to enhance accessibility and liquidity for various assets while promoting efficient financial systems.