According to BlockBeats, on December 15, JPMorgan officially announced that it will launch its first tokenized money market fund on the Ethereum network, marking this Wall Street giant's continued commitment to crypto and on-chain financial layouts.
It is reported that the fund will be supported by JPMorgan's own capital, with an initial seed size of approximately 100 million USD, aimed at validating the feasibility and efficiency of tokenized assets in traditional financial products.
This move is seen as another key development in traditional financial institutions bringing money market funds 'on-chain', and it shows that mainstream banks are gradually incorporating blockchain technology into their core financial product systems.
