fintech / news / / Crypto Breaking News
JPMorgan has filed to launch a new tokenized money market fund on Ethereum.
JPMorgan's OnChain Liquidity-Token Money Market Fund will initially operate only on Ethereum.
KEY POINTS
- The fund enables stablecoin issuers to keep reserves in a regulated vehicle while earning interest.
- JPMorgan's Kinexys Digital Assets unit will manage the fund, which complies with the GENIUS Act.
- A $1 million minimum investment is required, with an annual fee set at 0.16% after waivers.
- The fund will directly compete with Franklin Templeton's BENJI, which is available on several blockchains.
COMPANIES
Summarized by Newsio from Crypto Breaking News. How we summarize →