Tokenization · JPMorgan · Wall Street · U.S. Treasury · Ethereum · CoinDesk
In December, the bank launched a tokenized money-market fund called MONY on Ethereum
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Giving institutional investors blockchain-based access to short-term cash products.
Key facts
- The tokenized real-world asset market has grown more than 200% over the past year and now exceeds $32 billion, according to rwa.xyz data
- The move comes only days after BlackRock (BLK), the world's largest asset manager, filed paperwork for a new tokenized Treasury reserve vehicle and blockchain-based shares of an existing $7 billion
- In December, the bank launched a tokenized money-market fund called MONY on Ethereum, giving institutional investors blockchain-based access to short-term cash products
- JPMorgan (JPM) is preparing to launch a tokenized money market fund, the latest sign that major financial institutions and Wall Street asset managers are speeding up efforts to move traditional
Summary
JPMorgan filed to launch a new tokenized U.S. Treasury money-market fund on Ethereum. The fund, dubbed JPMorgan OnChain Liquidity-Token Money Market Fund, is designed to meet reserve requirements for stablecoin issuers under the GENIUS Act. The move adds to Wall Street asset managers' growing push into tokenized real-world assets. JPMorgan (JPM) is preparing to launch a tokenized money market fund, the latest sign that major financial institutions and Wall Street asset managers are speeding up efforts to move traditional assets onto blockchain rails. A Tuesday filing with the U.S. Securities and Exchange Commission SEC) outlined plans for a blockchain-based money-market fund investing exclusively in short-term U.S. Treasuries, cash and overnight repo agreements backed by government securities.