JPMorgan Chase & Co (JPM) on Deals Lookout Amid Tokenized Fund Push

JPMorgan Chase & Co. is expanding its digital asset footprint by planning the launch of its second tokenized money market fund, the OnChain Liquidity-Token Money Market Fund (JLTXX). This proposed fund will invest exclusively in U.S. Treasuries and overnight repurchase agreements, allowing investors to hold tokens in digital wallets, transfer them, or utilize them as collateral within crypto markets. The initiative follows the successful launch of the bank's first tokenized fund, MONY, which debuted on the Ethereum blockchain in December. CEO Jamie Dimon also signaled the bank's capacity for significant acquisitions, potentially ranging from $10 billion to $20 billion, as part of a broader strategy to deepen its presence in the digital assets space. By leveraging the same Ethereum-based infrastructure used for MONY, JPMorgan continues to institutionalize blockchain technology for traditional financial products. This move underscores the growing trend of major financial institutions adopting tokenization to enhance liquidity and utility for institutional-grade assets. The expansion reflects a strategic commitment to integrating blockchain rails into core asset management operations.

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