JPMorgan’s tokenized fund issued on Ethereum has grown to nearly $1 billion, according to Techub News. The bank is described as one of the main traditional financial institutions involved in putting assets onchain through tokenization. The update points to continued movement by established financial firms toward using blockchain infrastructure for real-world assets.
Techub News also said JPMorgan had previously tokenized part of its Treasury fund offerings, allowing investors to trade and settle through blockchain networks. The latest increase in scale suggests that the process of bringing traditional financial assets onto public blockchain rails is still advancing. The source attribution in the brief was listed as @Kalshi.
JPMorgan’s tokenized fund issued on Ethereum has reached nearly $1 billion in size, according to Techub News. The bank is one of the main traditional financial institutions participating in asset tokenization on blockchain networks.
Techub News said JPMorgan had previously tokenized part of its Treasury funds, allowing investors to trade and settle through blockchain networks. The growth in scale points to continued progress in moving traditional financial assets onchain.
The brief attributed the information to @Kalshi.
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