#Gate广场五月交易分享

Major Wall Street firms are entering the scene! JPMorgan Chase applies for a blockchain-based money market fund

JPMorgan Chase has submitted an application to the U.S. Securities and Exchange Commission, planning to launch a blockchain-based money market fund aimed at stablecoin issuers. The fund will utilize blockchain infrastructure developed by JPMorgan's Kinexys Digital Assets. The application states that the fund "leverages blockchain technology to provide investors with a way to submit trade instructions," and processes fund shares through the blockchain system. The document also mentions that the blockchain framework is designed, deployed, and maintained by Kinexys as a permissioned system built on a public blockchain. JPMorgan said the system combines "policy, procedures, and technical controls" to ensure that transactions are under the "full control and supervision" of the fund. The application also highlights the potential role of stablecoin issuers in the product, with the fund shares expected to be held by one or more stablecoin issuers as reserves backing the stablecoins issued by their clients. This structure indicates ongoing interest from major financial institutions in integrating blockchain technology into traditional financial products and stablecoin infrastructure.