The Daily: JPMorgan launches tokenized fund on Ethereum, Ripple taps Wormhole to expand RLUSD to Layer 2s, and more
JPMorgan launched a tokenized fund on Ethereum, Ripple is expanding RLUSD to Layer 2s via Wormhole, and global crypto ETPs saw large inflows.Summary
The daily crypto news roundup highlights several major developments. JPMorgan has launched its first tokenized money-market fund, MONY, on Ethereum, seeding it with $100 million and using its Kinexys platform to issue onchain tokens to qualified investors.
In decentralized finance, Ripple is partnering with Wormhole's NTT standard to expand its RLUSD stablecoin to Layer 2 networks like Base and Optimism next year, pending regulatory approval. Meanwhile, Visa introduced a new "stablecoins advisory practice" to guide banks and businesses in developing stablecoin strategies, reflecting growing institutional confidence.
Other key updates include global crypto ETPs recording $864 million in weekly inflows, dominated by U.S. products, and Strategy (formerly MicroStrategy) purchasing another 10,645 BTC, bringing its total holdings to 671,268 BTC. Additionally, the UK Treasury plans to regulate crypto assets under traditional financial frameworks by 2027.
(Source：The Block)