Tokenization is expected to transform the exchange-traded funds (ETFs) and broader funds industry, according to JPMorgan ETF executive Ciarán Fitzpatrick. According to NS3.AI, Fitzpatrick noted that while strong use cases for tokenization are still a few years away, JPMorgan is actively exploring various applications through Kinexys. The initiative is attracting significant attention from both the industry and regulators as efforts to tokenize equities continue to evolve.