Pensions
Asset Gains for 100 Largest Public Pensions Surge $98B in May; PRT Costs Decline
Funded levels for the plans rose to 81.1% during the month.
Regulators are making it easier to tokenize assets, but market structure will have to evolve to support widespread adoption.
Blockchain-based investments could provide liquidity and operational efficiency for institutional investors.
Traditional custody banks are getting competition from upstarts.