Ethereum Lands JPMorgan’s New Tokenized Money Market Fund
JPMorgan is launching a tokenized money market fund on Ethereum, marking another step by a major Wall Street institution into public-blockchain-based fund infrastructure. The new JPMorgan OnChain Liquidity-Token Money Market Fund will offer Token Class shares under the ticker JLTXX, according to a registration filing for JPMorgan Trust IV. The filing positions the product as […]
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European asset manager Amundi has announced its first tokenized fund in partnership with CACEIS, running on the Ethereum blockchain. Amundi Launches Tokenized Fund On Ethereum As per an announcement on the official website, Amundi has launched the first tokenized share of one of its money market funds. Headquartered in France, Amundi is an asset manager […]
JPMorgan Asset Management has introduced a tokenized money-market fund built on the Ethereum blockchain, according to company filings and industry reports. The fund, called My OnChain Net Yield Fund (MONY), issues shares as digital tokens that live on the public Ethereum network and are aimed at qualified investors through the bank’s Morgan Money platform. Related Reading: Analyst: Bitcoin’s Cycle Is Intact, Yet No Longer Purely Market-Driven JPMorgan Issues Tokenized Fund On Ethereum Based on reports, MONY holds familiar, low-risk instruments such as US Treasury securities and repurchase....
Ethereum is trading just above $2,330, a price that, on the monthly chart, is sitting just above within a long accumulation zone. However, recent market dynamics show that Ethereum is destined for far higher prices than $2,300 this cycle, and this is not only about traders waiting for another rotation into ETH. The outlook is that the Ethereum price will cross above $10,000 this cycle based on factors that are turning Ethereum into a base layer for regulated on-chain markets. Related Reading: Swiss Bitcoin Reserve Effort Withdrawn After Resistance From Central Bank Wall Street To Push....
BlackRock is moving deeper into tokenized funds, and the moves are starting to look like a bid to bring traditional ETFs onto blockchains. Related Reading: Vietnam To Test Crypto Market Over 5 Years With Heavy Rules Reports have disclosed that the firm’s tokenized money market product, known as the BlackRock USD Institutional Digital Liquidity Fund […]
Amundi, Europe’s largest asset manager, is launching the Spiko Amundi Overnight Swap Fund (SAFO), a tokenized fund on Ethereum and Stellar starting with about $100 million in committed assets. A Traditional Fund With A Tokenized Wrapper Institutions historically related to TradFi have found a way to not to be left behind on the crypto curve […]