BREAKING: JPMorgan Debuts Ethereum Tokenized Money-Market Fund

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JPMorgan is making another meaningful move into crypto – this time with one of Wall Street’s most traditional products.

According to a Wall Street Journal exclusive, the banking giant’s asset-management arm has launched its first tokenized money-market fund, built on the Ethereum blockchain and backed by $100 million of JPMorgan’s own capital. The fund is expected to open to outside investors this week.

For a firm that manages nearly $4 trillion in assets, this is a major signal.