For pension funds, tokenization’s real play is balance-sheet management, Fidelity’s Lai says

Crypto Insight Summary: Fidelity International’s Giselle Lai argues that the most compelling long-term use case for tokenized funds is balance-sheet management for large, global institutions, not 24/7 liquidity. Crypto Insight Analysis: Direction: Neutral Impact: No Impact Horizon: Long-term (1 quarter-1 year) Reasoning: Institutional focus on tokenization for balance-sheet management is positive but not immediate for crypto markets.