JPMorgan is expanding its blockchain strategy with a tokenized money-market fund built on on Ethereum network. The launch places a core cash-management product on-chain and reflects rising institutional demand for digital versions of traditional financial instruments. JPMorgan Seeds MONY With $100M According to WSJ report, the fund is called My OnChain Net Yield Fund, or
The post Breaking: Institutional Tokenization on Ethereum Expands as JPMorgan Launches Onchain Fund appeared first on CoinGape.
More Stories
Is Ethereum Price Set for a Rebound as a Prominent Whale Accumulates $119M After the Dip?
Breaking: Michael Saylor’s Strategy Buys 10,645 Bitcoin as Crypto Market Braces for Japan Rate Hike
While Wall Street Keeps a Close Eye on Bitcoin, Savvy Investors are Earning Stable Daily Returns Through LeanHash