JPMorgan files for tokenized money market fund on Ethereum
JPMorgan has filed for a tokenized money market fund, called JPMorgan OnChain Liquidity-Token Money Market Fund, which will invest in U.S. treasury bills, bonds, and notes.
The fund will utilize JPMorgan’s Kinexys Digital Assets unit and create a permissioned system on top of the Ethereum blockchain.
The fund’s filing highlights interest rate changes, general market risks, and blockchain technology risk as main risks associated with investing in the fund.