CEO Jamie Dimon signals potential acquisitions as the bank advances blockchain-based money market funds for digital asset integration.
JPMorgan Chase may spend between $10 billion and $20 billion on acquisitions in the coming years, CEO Jamie Dimon said at an investor conference. The move aligns with the bank’s push into digital assets, including tokenized money market funds.
The bank plans to launch its second tokenized fund, JLTXX, following the December debut of its MONY fund on the Ethereum blockchain. Both funds will invest in US Treasuries and repurchase agreements, enabling token transfers and collateral use in crypto markets.
JPMorgan’s focus on tokenization reflects broader efforts to integrate blockchain technology into traditional finance, targeting institutional and retail investors.