DigiFT Launches First Actively Managed Tokenized U.S. Equity Income Fund
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
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Source: Newsfilter
- Tokenization Innovation: DigiFT's launch of the bEQTY fund marks the first actively managed tokenized U.S. equity income fund on Ethereum, representing a significant shift in tokenization from single assets to professionally managed public equity strategies, thereby advancing institutional adoption.
- Regulated Investment Channel: The fund offers eligible investors a compliant investment opportunity through DigiFT's framework, enhancing investor flexibility and facilitating the holding and transfer of sophisticated financial instruments, which supports more agile capital management.
- Market Infrastructure Upgrade: BNY serves as the investment manager, leveraging its deep investment expertise to push tokenization infrastructure into more complex areas of capital markets, showcasing the potential of blockchain in mainstream finance.
- Strategic Partnership: The collaboration between DigiFT and BNY not only illustrates the bridging of traditional finance with emerging on-chain solutions but also provides institutional investors with a trusted, scalable blockchain portfolio management platform, further driving the maturation of tokenization.
Analyst Views on BK
Wall Street analysts forecast BK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BK is 125.59 USD with a low forecast of 109.00 USD and a high forecast of 145.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
8 Buy
4 Hold
0 Sell
Moderate Buy
Current: 118.870
Low
109.00
Averages
125.59
High
145.00
Current: 118.870
Low
109.00
Averages
125.59
High
145.00
About BK
The Bank of New York Mellon Corporation is a global financial services company. The Company’s business segment includes Securities Services, Market and Wealth Services and Investment and Wealth Management. The Securities Services business segment consists of Asset Servicing and Issuer Services, which provide business solutions across the transaction life cycle to its global asset owner and asset manager clients. The Market and Wealth Services business segment consists of three lines of business, Pershing, Treasury Services and Clearance and Collateral Management, which provide business services and technology solutions. Its Investment and Wealth Management business segment delivers a diversified portfolio of investment strategies independently, and through its global distribution network, to institutional and retail clients globally. It provides investment management, custody, wealth and estate planning, private banking services, investment servicing and information management.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
