JPMorgan Files Tokenized Money Market For Stablecoin Issuers
Cointelegraph
JPMorgan is launching a tokenized money market fund on Ethereum to provide stablecoin issuers with a regulated, interest-bearing reserve vehicle.Summary
JPMorgan has filed to launch the OnChain Liquidity-Token Money Market Fund (JLTXX) on the Ethereum blockchain. Managed by the bank's blockchain division, Kinexys Digital Assets, the fund allows stablecoin issuers to hold their reserves in US Treasury-backed assets while earning interest. The initiative, which charges a 0.16% annual fee, aims to improve operational efficiency in financial settlement and aligns with recent legislative efforts regarding stablecoin transparency.
(Source：Cointelegraph)