After using XRP Ledger for tokenized Treasury redemptions last week, JPMorgan files for JLTXX fund, a SEC-registered tokenized money market fund designed as GENIUS Act-compliant reserve for stablecoin issuers. XRP consolidates near $1.45.
JPMorgan leverages the XRP Ledger for a tokenized Treasury redemption, then files for JLTXX, a tokenized money market fund compliant with the GENIUS Act. The fund, running on Ethereum via Kinexys, sets a new standard for institutional blockchain integration and stablecoin reserve assets.
JPMorgan files with SEC to launch JLTXX tokenized money market fund, built for GENIUS Act compliance, using XRP Ledger for settlement of tokenized asset redemptions.
Following last week's XRP Ledger settlement pilot, JPMorgan filed with the SEC for a tokenized money market fund (JLTXX) designed as GENIUS Act-compliant reserves for stablecoin issuers. The fund uses XRPL for settlement and Ethereum for token hosting, marking a new blueprint for Wall Street-blockchain integration.
Sharplink reported 459 ETH in weekly staking rewards and 18,309 ETH in cumulative earnings while staking nearly 900,000 ETH. As Ethereum’s staking ratio surpasses 30%, institutional treasuries, ETFs, and tokenized funds are accelerating ETH’s role as a yield-bearing settlement layer.
Sharplink accumulates 18,309 ETH in staking rewards, with nearly 900k ETH staked. Ethereum's staking rate exceeds 30% as 21Shares launches ETF staking distributions and JPMorgan tokenizes money market funds on mainnet, driving institutional adoption.
JPMorgan launched its first tokenized money-market fund, MONY, on Ethereum, seeded with $100M. The fund uses USDC for on-chain settlements, targeting qualified investors. It signifies deepening convergence of traditional finance and blockchain.
JPMorgan has launched its first tokenized money-market fund, MONY, on Ethereum, seeded with $100M. It supports cash and USDC, targeting qualified investors. The move signals growing Wall Street adoption of blockchain amid new US stablecoin regulations.
