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JPMorgan Files to Launch Tokenized Money Market Fund on Ethereum

ETH

ETH/USDT

$1,671.05
-2.58%
24h Volume

$10,378,968,959.47

24h H/L

$1,716.22 / $1,635.65

Change: $80.57 (4.93%)

Long/Short
75.7%
Long: 75.7%Short: 24.3%
Funding Rate

-0.0002%

Shorts pay

Data provided by COINOTAG DATALive data
Ethereum
Ethereum
Daily

$1,668.45

0.08%

Volume (24h): -

Resistance Levels
Resistance 3$1,872.11
Resistance 2$1,735.34
Resistance 1$1,680.53
Price$1,668.45
Support 1$1,635.49
Support 2$1,594.38
Support 3$1,505.68
Pivot (PP):$1,669.03
Trend:Downtrend
RSI (14):37.2
DE
Decrypt Editorial
(09:31 PM UTC)
1 min read
SC
Updated bySarah Chen
668 views
0 comments

In brief

  • JPMorgan is the latest financial firm seeking to launch a tokenized money market fund, filing for JTLXX.
  • Its tokenized product will rely on its own blockchain platform, which creates a permissioned layer on top of Ethereum.
  • The launch follows that of BENJI, a tokenized money market fund from Franklin Templeton that is available on multiple blockchains.

Global banking giant JPMorgan…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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