According to the Wall Street Journal, JPMorgan Chase has officially launched its first tokenized money market fund, marking an important step for the banking giant in the application of blockchain technology. The Private Offering Fund will run on the Ethereum blockchain and is open to qualified investors. JPMorgan will inject $100 million in equity funds into the fund as launch capital.
The Hong Kong Securities Supervision Commission released the "2024-25 Annual Report", which pointed out: As of May, the cumulative net capital inflow of Hong Kong Stock Connect exceeded 4.35 trillion Hong Kong dollars, and the Hong Kong Securities Supervision Commission recognized the first three tokenized money market funds in the Asia-Pacific region that allow retail investors to invest last quarter, which is an important step for the large-scale development of the tokenized market. As of the ...