Innovative as the tokenized funds may be for JPMorgan, the bank is actually chasing an existing trend on Wall Street.
JPMorgan has launched a tokenized money market fund MONY on the Ethereum blockchain through its $4T asset management arm.
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JPM launches tokenized fund

JPMorgan shares rose after launching its first tokenized money market fund on Ethereum, making it the largest global bank to ...
JPMorgan Chase & Co.'s asset management arm is launching its first ever tokenized money market fund built on Ethereum, ...
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These five passive-income ETFs pay a high dividend every 30 days, trade at a discount to net asset value, and have reasonable ...