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via The Block · By The Block Editorial

JPMorgan launching tokenized money market fund on Ethereum

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The Block Editorial

(08:00 PM UTC)

1 min read

Updated byEmily Watson

668 views

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JPMorgan is launching a tokenized money market fund designed to satisfy the reserve requirements stablecoin issuers are required to maintain in the U.S. as part of the GENIUS Act, according to a filing from Tuesday.

The new fund, tokenized on the Ethereum blockchain, will invest in U.S. Treasurys and overnight repurchase agreements collateralized by Treasurys or cash, the filing said. 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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