JPMorgan’s tokenized funds on Ethereum hold $844 million

JPMorgan’s tokenized money market funds held $844 million on Ethereum as of October 11, a sizable commitment that the source report interprets as growing institutional confidence in the network. Most of that value sits in JLTXX, a fund launched in May with $200 million. Key takeaways JLTXX accounts for $741 million of the combined holdings. MONY holds another $103 million on Ethereum. JLTXX began in May with $200 million in initial capital. According to Coinfomania , the two funds reflect increasing institutional interest in Ethereum’s financial infrastructure .

Source: The Cryptonomist