JPMorgan to launch tokenized money market fund for stablecoin issuers
JPMorgan filed to launch JLTXX, a tokenized money market fund on Ethereum for stablecoin issuers to hold reserves in US Treasuries and repos while earning interest. The 0.16% fee is notably low for the asset class. This follows Morgan Stanley's similar offering and reflects Wall Street's push toward blockchain-based tokenization for operational efficiency and regulatory compliance.
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Bitcoin Wallet Firm Exodus Expands Payments Push, Sells $87 Million in BTC
Exodus wallet firm sold $87 million in Bitcoin while expanding payment services, signaling institutional confidence despite broader market volatility. Bitcoin trades near $80,600 amid mixed sentiment across major cryptocurrencies. The move reflects wallet providers pivoting toward real-world payments rather than pure storage, a trend gaining traction among Indian crypto users increasingly seeking practical blockchain applications beyond speculation.
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