Franklin Templeton now allows USDC-to-USD conversion on Benji Investments for investing in its blockchain-based money market fund (FOBXX). Powered by Zero Hash, this feature bridges traditional finance with crypto-native users.
JPMorgan Asset Management has filed with the SEC to launch JLTXX, its second tokenized money market fund on Ethereum. Operated by Kinexys Digital Assets, the fund invests in short-term Treasuries and aligns with GENIUS Act reserve requirements. The move intensifies institutional competition in tokenized real-world assets.
JPMorgan Asset Management has filed with the SEC to launch JLTXX, its second tokenized money market fund on Ethereum. The fund invests 100% in short-term U.S. Treasuries and is designed to comply with Rule 2a-7 and the GENIUS Act stablecoin reserve requirements, accelerating Wall Street's RWA tokenization race.
State Street Investment Management and Galaxy Digital have launched SWEEP, a tokenized liquidity fund on Solana, enabling institutions to put idle cash on-chain for real-time yield, marking a milestone in TradFi-DeFi integration.
Franklin Templeton launches tokenized ETFs that trade 24/7 directly in crypto wallets, managing $1.68 trillion in assets. This move signals deep institutional embrace of blockchain, accelerating the convergence of traditional finance and crypto markets.
