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Nate Geraci reports that JP Morgan is planning to launch its second tokenized money market fund, which will operate on the Ethereum blockchain.
This move follows BlackRock's recent filing for two tokenized money market funds and highlights a growing trend among major asset managers exploring blockchain-based financial products. Geraci suggests that more asset management firms are likely to pursue similar initiatives.
Geraci has previously highlighted direct crypto trading capabilities at a major financial institution, predicting that tokenized securities may soon be integrated into traditional brokerages here. He has also reported on how anticipation around high-profile IPOs like SpaceX is prompting major indices to adjust their rules here. These developments reflect continued experimentation by large firms in digital asset and market infrastructure strategies.