JPMorgan launches new tokenized fund

JPMorgan Chase is entering the tokenized fund market with its own offering, signaling a significant step in the adoption of blockchain technology by traditional finance. This move follows closely behind BlackRock's recent launch of a similar tokenized fund, intensifying the competition among major Wall Street institutions to leverage distributed ledger technology. The expansion into tokenized money market funds suggests a growing belief in the efficiency and potential of blockchain for traditional financial products.