JPMorgan Chase will begin offering an Ethereum-based, tokenized money-market fund to qualified investors this week, according to a Monday press release. The private fund, dubbed My OnChain Net Yield Fund, or “MONY,” will be seeded with $100 million of the bank’s capital before it can be accessed on Tuesday by individuals with at least $5 million in assets or institutions with $25 million or more, the bank said. MONY, which requires an investment of at least $1 million, represents JPMorgan’s continued exper ...

JPMorgan Chase, a global bank with $4 trillion of assets under management, is rolling out a tokenized money-market fund on Ethereum, pushing deeper into blockchain-based finance amid growing demand from institutional clients. The move marks JPMorgan’s first tokenized money market fund, making it the largest GSIB, or Global Systemically Important Banks, to launch such a vehicle on a public blockchain, according to a press release shared with CoinDesk. The fund, dubbed My OnChain Net Yield Fund (MONY), is ...

NEW: BlackRock's BUIDL fund recently surpassed $500 million on BNB Chain ...

Real-world assets are expanding on Arbitrum.BlackRock's BUIDL fund (now $2.5B across multiple chains including Arbitrum) brings tokenized treasuries on-chain, while Centrifuge enables private credit and Ondo Finance offers yield-bearing products. Low fees and instant settlement make Arbitrum attractive for institutional #RWA deployment. ...

The DTCC regime, which has been in place for decades, means it’s no longer necessary to record every single share transfer. Instead, the clearinghouse keeps track of the stock held by different brokerages on behalf of their customers and settles up transactions between those brokerages the next business day.“Once upon a time there were leather-bound journals that said who owns all the stock,” explains Robert Leshner, a former economist who now runs the tokenization firm Superstate. “Then, people said, ‘This ...

Market Trends - Binance announced that BlackRock's tokenized BUIDL fund can now be used by institutions as off-exchange collateral [1] - A new BUIDL asset class is coming to BNB Chain [1]

BlackRock’s $2.5 billion USD Institutional Digital Liquidity Fund (BUIDL) is expanding to Binance and BNB Chain, Securitize said in a press release published on Thursday. The Miami-based Securitize, which is planning a public offering, said that BUIDL will be accepted as collateral for trades at the world’s leading cryptocurrency exchange, describing the asset backed by U.S. Treasuries as a tool for institutional traders. BlackRock’s BUIDL fund debuted last March, and the tokenized money market fund has exp ...

RWA Tokenization - BlackRock's BUIDL fund, identified as the world's largest tokenized RWA (Real World Asset), is now operational on BNB Chain [1]

RWA Market Growth - Token Terminal highlights the rapid growth of Real World Assets (RWAs) on Avalanche (AVAX) [1] - Securitize tokenized funds are identified as the fastest-growing RWAs on AVAX [1] Onchain AUM Performance - BlackRock BUIDL fund's onchain Assets Under Management (AUM) increased by 9197% in the past month [1] - Apollo Global ACRED fund's onchain AUM increased by 133% in the past month [1]

Group 1 - BlackRock CEO Larry Fink predicts that all currencies, ETFs, and assets will be digitized and tokenized, interconnected through a global settlement layer for instant transactions [1][2] - Tokenization represents real-world assets on blockchain ledgers, enabling fractional ownership and reducing intermediaries, which aligns with BlackRock's strategy in digital assets [3][4] - The creation of a global settlement layer could synchronize financial systems, minimizing delays and costs, while democratizing access to high-value assets for retail investors [4][5] Group 2 - Tokenized currencies could incorporate programmable features, enhancing automation in compliance and transactions, while ETFs may benefit from increased liquidity and 24/7 trading capabilities [5][6] - Regulatory frameworks are inconsistent globally, with some countries advancing in digital asset laws while others lag, posing challenges for widespread adoption [6][9] - BlackRock's BUIDL fund has attracted significant institutional interest, indicating a strong demand for tokenized financial products, suggesting that tokenization could transform capital markets [7][8]