Tokenized Funds: Bank of America Sees ‘Mutual Fund 3.0’ Revolution

Bank of America predicts a significant transformation in the financial landscape with the rise of ‘Tokenized Funds,’ or ‘Mutual Fund 3.0.’ This new era, as described by the bank, is driven by innovative technology that promises enhanced returns and increased liquidity. Major institutions like BlackRock and Apollo are exploring tokenized funds, aiming to disrupt both traditional and cryptocurrency markets.