JPMorgan Plans Ethereum-Based Tokenized Money Market Fund for Stablecoin Collateral, Sources Say
JPMorgan is reportedly launching an Ethereum-based tokenized money market fund (MMF) through Kinexys Digital Assets, targeting stablecoin issuer demand for on-chain collateral.
➤ JPMorgan is reportedly developing an Ethereum-based tokenized money market fund (MMF) to be managed by Kinexys Digital Assets, primarily investing in U.S. Treasury bonds. ➤ The fund aims to provide high-quality liquid collateral for stablecoin reserves, aligning with proposed regulations like the GENIUS Act. ➤ This initiative signifies JPMorgan's increasing integration with public blockchain technology, particularly Ethereum, for RWA tokenization and stablecoin infrastructure.
