Jamie Grant, global chairman at JPMorgan Chase & Co.’s investment banking group, is set to retire early next year after more than four decades at the lender, according to people with knowledge of the matter https://t.co/1B78awIq3v ...

Core Insights - JPMorgan Chase is expanding its involvement in blockchain technology by launching its first tokenized money market fund on the Ethereum platform [1] - The new fund, named "MONY," has an initial capital of $100 million and is designed for qualified investors [1] - Investors in the MONY fund have the option to redeem their shares for cash or USDC, a stablecoin pegged to the US dollar [1]

JPMorgan launches its first Ethereum-based tokenized money market fund, MONY, as Tom Lee calls the move bullish for ETH. Photo by BeInCrypto Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee, because Wall Street has just sent another signal that crypto’s future is becoming increasingly institutional. As JPMorgan moves a core financial product on-chain, market watchers are wondering whether this is merely expe ...

Popular investment banking giant JPMorgan Chase has moved further into the crypto ecosystem with a tokenized market fund. This is in a bid to bring blockchain technology to an investing staple, which is the money-market fund. JPMorgan Plans to Open Fund to the Public With up to $4 trillion in Assets Under Management (AuM), JPMorgan is utilizing the Ethereum (ETH) blockchain to roll out its first tokenized money-market fund. According to a Wall Street Journal (WSJ) report, it plans to start with a $100 m ...

Blockchain & Tokenization - JPMorgan utilizes Ethereum for a tokenized fund named 'MONY' [1]

Core Insights - JPMorgan Chase is launching an Ethereum-based tokenized money-market fund named My OnChain Net Yield Fund (MONY) with an initial capital of $100 million, targeting qualified investors with a minimum investment of $1 million [1][2] - The fund will be accessible to individuals with at least $5 million in assets and institutions with $25 million or more, available on the Morgan Money platform [1][2] - The launch of MONY reflects a broader industry trend towards asset tokenization on public networks, emphasizing liquidity, stability, and yield for investors [4] Investment Details - MONY requires a minimum investment of $1 million and is part of JPMorgan's ongoing exploration of digital assets, following the introduction of its Kinexys Digital Assets platform [2] - The fund allows investors to earn yield while holding the associated token on-chain, similar to BlackRock's BUIDL fund, which was launched with $1.8 billion last March [3] Industry Trends - JPMorgan's introduction of the MONY fund indicates a growing shift in the financial industry towards tokenization, with expectations that other Globally Systemically Important Banks (G-SIBs) will follow suit [4][5] - The bank's recent activities suggest a multi-chain strategy, including structured notes tied to Bitcoin and the issuance of commercial paper on Solana for Galaxy Digital [7]

Key Takeaways JPM received in-principle RBI approval to open a Pune branch, marking its first India expansion in 10 years.The Pune office will focus on corporate clients, offering term lending and transaction banking services.The expansion adds to JPM's India presence across asset management, investment banking and commercial banking.JPMorgan (JPM) has obtained an in-principle approval from the Reserve Bank of India to establish a new branch in Pune, marking its first expansion in a decade in the country. T ...

JPMorgan is now tokenizing money market funds on Ethereumunusual_whales (@unusual_whales):BREAKING: JPMorgan, $JPM, starts tokenized money market fund on Ethereum, and to seed fund on Ethereum with $100 million internal capital, per WSJ ...

Core Insights - J.P. Morgan Asset Management has launched its first tokenized money market fund, My OnChain Net Yield Fund (MONY), available on the public Ethereum blockchain, allowing qualified investors to earn U.S. dollar yields [1][2] - MONY exclusively invests in traditional U.S. Treasury securities and fully collateralized repurchase agreements, providing a secure yield for investors [2] - The fund's tokenization enhances transparency, peer-to-peer transferability, and broader collateral usage within the blockchain ecosystem [2] Company Overview - J.P. Morgan Asset Management manages $4 trillion in assets as of September 30, 2025, serving a diverse clientele including institutions and high net worth individuals globally [5] - The firm is a leader in various investment management sectors, including equities, fixed income, real estate, hedge funds, private equity, and liquidity [5] - JPMorgan Chase & Co. had $4.6 trillion in assets and $360 billion in stockholders' equity as of September 30, 2025, positioning itself as a leading financial services firm [6] Platform Features - Morgan Money is J.P. Morgan Asset Management's institutional investing platform, designed for operational efficiency and seamless customer experience [7] - The platform allows clients to view aggregated account information, conduct risk analysis, model trades, and compare investment options [8] - It integrates traditional and on-chain assets, providing a comprehensive range of money market products for investors [1][2]

Core Insights - Artificial intelligence (AI) is recognized as the most significant technological disruption since the Internet, fundamentally altering work, creativity, and decision-making processes [1] - Major U.S. banks, including JPMorgan, Citigroup, Bank of America, and Wells Fargo, are investing billions in AI to enhance productivity and adapt to evolving client needs [1] AI Integration in Banking - AI is moving from pilot projects to being integrated into daily banking operations, viewed as a productivity and headcount lever by executives [2] - Banks are leveraging AI as a force multiplier to improve operational efficiency, accelerate software development, and enhance client service, leading to higher output per employee [3] JPMorgan's AI Initiatives - JPMorgan has reported a productivity increase from approximately 3% to 6% due to AI, with operations specialists seeing potential productivity gains of 40% to 50% as tasks become more automated [4] - The bank maintains a substantial technology budget of around $18 billion annually, with a $2 billion investment in AI aimed at achieving measurable returns on investment [5] Citigroup's AI Strategy - Citigroup is scaling internal generative AI tools to enhance developer productivity, freeing up about 100,000 developer hours weekly, with 180,000 employees accessing these tools [6] - The bank has an annual technology budget of approximately $12 billion, indicating strong organizational support for AI integration across functions [7] Bank of America's AI Spending - Bank of America has committed $4 billion of its roughly $13 billion technology budget to AI, linking this investment to tangible productivity improvements in both frontline and tech teams [8] - The bank's AI initiatives, including the virtual assistant Erica, are designed to handle high-volume service interactions, allowing human employees to focus on more complex tasks [9] Wells Fargo and PNC Financial's Approach - Wells Fargo and PNC Financial are also focusing on AI to enhance efficiency, with Wells Fargo indicating a potential decline in headcount as a result of automation [10] - PNC Financial's CEO has suggested that AI will accelerate existing automation efforts, potentially stabilizing headcount while scaling the business over the next decade [12] Overall Efficiency Gains from AI - The transition to AI-driven productivity is expected to yield sustainable expense leverage, with early evidence showing improvements in operations, software development, and client support [13] - The long-term success of AI integration will depend on the ability to embed it into everyday decisions and workflows while maintaining regulatory compliance [14]