JPMorgan (JPM) to launch new tokenized fund as Wall Street tokenization race heats up
CoinDesk
JPMorgan has filed to launch a tokenized money market fund, signaling intensified efforts by major financial institutions to integrate traditional assets onto blockchain infrastructure.Summary
JPMorgan has filed with the SEC to introduce the "JPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX)," a blockchain-based product investing in U.S. Treasuries and cash equivalents. Managed by the bank's digital assets unit, Kinexys, the fund allows institutional users to manage assets on the Ethereum blockchain. This initiative, designed to comply with proposed stablecoin regulations, reflects a broader Wall Street trend toward tokenization—the process of putting traditional assets on-chain to enhance settlement efficiency and transparency, a market which has grown over 200% in the past year.
(Source：CoinDesk)