Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

2025-05-19

Crypto companies to report every transaction under new British laws

2025-05-19

Stellar [XLM] Price forecast – Research why $ 0.27 is an important level for Altcoin

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    2025-05-19

    Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

    2025-05-19

    Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

    2025-05-19

    Sentismai integrates Kyberswap for seamless EVM -Kettingwaps

    2025-05-19

    Alchemie acquires Solana developer Dexterlab for unknown sum

    2025-05-19
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Crypto companies to report every transaction under new British laws

    2025-05-19

    Sec -retreats decision on Bitwise, 21Shares Solana ETF applications, Opens Public Consultation

    2025-05-19

    Authorities claim that scammers have stolen $ 265,000,000 in crypto to buy exotic cars, private security and other luxury

    2025-05-19

    SEC chairman Atkins confirms the end of hard crypto enforcement, proposes a uniform framework

    2025-05-19

    Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

    2025-05-19
  • Analysis

    BlackRock’s Buidl to Power Bouncebit’s new RWA Yield Strategy Platform

    2025-05-19

    XRP -Price confirms Bullish reversing settings with this demand zone

    2025-05-19

    Finish Bitcoin price inches in the direction of all time-can Momentum?

    2025-05-19

    Ethereum – price cannot break through – what does it stop?

    2025-05-19

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Blockchain»Fidelity International tokenizes the money market fund on JPMorgan’s Blockchain
Blockchain

Fidelity International tokenizes the money market fund on JPMorgan’s Blockchain

2024-06-11No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Fidelity International has selected JPMorgan’s Onyx Digital Assets blockchain to token a money market fund.

This move means improved efficiency in meeting margin requirements and a reduction in transaction costs and operational risk, Fidelity International said.

Fidelity International, a London-based fund management company, has tokenized shares in a money market fund (MMF) using JPMorgan’s Ethereum-based private blockchain network, Onyx Digital Assets.

Tokenization occurred almost immediately via connectivity between the fund’s transfer agent (JPMorgan’s transfer agent business) and Tokenized Collateral Network, an application that resides between a collateral recipient and a collateral provider on the bank’s Onyx blockchain, according to Fidelity International, a separate entity for US-based Fidelity Management and Research.

Tokenization of traditional financial assets has become a household name priority for banks, and it is an area that JPMorgan has been working on for several years. The essence of tokenization is to create a virtual investment vehicle on a blockchain that represents real-world assets such as real estate, precious metals and collectibles. Stocks and bonds also work.

Fidelity International also has a long history with digital assets, working on a tokenization project with Swiss bank Sygnum in 2019.

In October last year, JPMorgan executed its first live blockchain-based collateral transaction involving tokenized shares in a BlackRock money market fund. The shares were transferred to Barclays as collateral in an over-the-counter derivatives trade. BlackRock has further embraced tokenization through its public approach BUIDL project, with tokenization services company Securitize.

“Tokenizing our money market fund shares to use as collateral is an important and natural first step in scaling our adoption of this technology,” Stephen Whyman, head of Fidelity International’s debt capital markets practice, said in an email interview. “The benefits for our customers and the wider financial system are clear; in particular the improved efficiency in meeting margin requirements and the reduction of transaction costs and operational risk.”

See also  How blockDAG is the next evolution of Blockchain

JPMorgan’s TCN began the tokenization of money market stocks, a type of mutual fund that invests in high-quality, short-term debt instruments and cash equivalents. The plan is to expand into equities, fixed income and a range of asset classes, the bank said.

“Fidelity’s participation in TCN brings its MMF units to our network via tokenization, adding a new asset that is otherwise prohibitively complex to deploy in the current collateral landscape,” said Keerthi Moudgal, head of product at Onyx Digital Assets, JP Morgan, via email.

Source link

Blockchain Fidelity Fund International JPMorgans market Money tokenizes
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

2025-05-19

Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

2025-05-19

Bitcoin touches $ 2T market capitalization, surpasses Google and Meta – Is Apple next?

2025-05-19

Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

2025-05-19
Add A Comment

Comments are closed.

Top Posts

Interoperability needs its ERC-20 moment

2024-03-10

Is Bitcoin ready for the moon? Patterns and statistics all point to…

2024-10-25

Stellar (XLM) Price Faces a Slight Drop! Will the hype fade soon?

2023-07-14
Editors Picks

Bitcoin will challenge gold? Expert sees that the US is taking the lead

2025-01-11

Discover the Rich Tapestry of the Bitcoin Ecosystem

2023-05-03

The Bitcoin network will shut down in 2023

2023-09-09

Mpeppe takes over Internet Computer (ICP) spot as ICP holder’s biggest winners look for liquidation

2024-09-15

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Crypto companies to report every transaction under new British laws

Stellar [XLM] Price forecast – Research why $ 0.27 is an important level for Altcoin

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,614.051.67%
  • ethereumEthereum(ETH)$2,546.736.80%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.380.99%
  • binancecoinBNB(BNB)$650.111.75%
  • solanaSolana(SOL)$168.682.06%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2250622.42%
  • cardanoCardano(ADA)$0.741.74%
  • tronTRON(TRX)$0.2668531.54%
  • suiSui(SUI)$3.831.91%
  • chainlinkChainlink(LINK)$16.076.05%
  • avalanche-2Avalanche(AVAX)$22.351.90%
  • stellarStellar(XLM)$0.2866571.48%
  • hyperliquidHyperliquid(HYPE)$26.582.53%
  • shiba-inuShiba Inu(SHIB)$0.0000151.92%
  • hedera-hashgraphHedera(HBAR)$0.1952022.87%
  • unus-sed-leoUNUS SED LEO(LEO)$8.700.54%
  • bitcoin-cashBitcoin Cash(BCH)$394.800.46%
  • the-open-networkToncoin(TON)$3.03-0.38%
  • litecoinLitecoin(LTC)$98.361.04%
  • polkadotPolkadot(DOT)$4.641.91%
  • moneroMonero(XMR)$346.781.49%
  • bitget-tokenBitget Token(BGB)$5.170.39%
  • pepePepe(PEPE)$0.0000133.14%
  • daiDai(DAI)$1.000.01%
  • piPi(PI)$0.73-0.05%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • aaveAave(AAVE)$264.4921.58%
  • uniswapUniswap(UNI)$5.983.80%
  • bittensorBittensor(TAO)$412.171.08%
  • nearNEAR Protocol(NEAR)$2.814.18%
  • aptosAptos(APT)$5.245.75%
  • okbOKB(OKB)$52.420.40%
  • ondo-financeOndo(ONDO)$0.943.43%
  • kaspaKaspa(KAS)$0.1094120.87%
  • ethereum-classicEthereum Classic(ETC)$18.594.37%
  • internet-computerInternet Computer(ICP)$5.253.29%
  • gatechain-tokenGateToken(GT)$21.570.31%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.840.79%
  • crypto-com-chainCronos(CRO)$0.0964370.20%
  • mantleMantle(MNT)$0.730.12%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2339440.86%
  • vechainVeChain(VET)$0.0282812.23%
  • render-tokenRender(RENDER)$4.654.06%
  • ethenaEthena(ENA)$0.3810865.25%
  • usd1World Liberty Financial USD(USD1)$1.00-0.11%
  • algorandAlgorand(ALGO)$0.2235643.15%
  • arbitrumArbitrum(ARB)$0.3951425.57%
  • filecoinFilecoin(FIL)$2.873.43%
  • bitcoinBitcoin(BTC)$105,614.051.67%
  • ethereumEthereum(ETH)$2,546.736.80%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.380.99%
  • binancecoinBNB(BNB)$650.111.75%
  • solanaSolana(SOL)$168.682.06%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2250622.42%
  • cardanoCardano(ADA)$0.741.74%
  • tronTRON(TRX)$0.2668531.54%
  • suiSui(SUI)$3.831.91%
  • chainlinkChainlink(LINK)$16.076.05%
  • avalanche-2Avalanche(AVAX)$22.351.90%
  • stellarStellar(XLM)$0.2866571.48%
  • hyperliquidHyperliquid(HYPE)$26.582.53%
  • shiba-inuShiba Inu(SHIB)$0.0000151.92%
  • hedera-hashgraphHedera(HBAR)$0.1952022.87%
  • unus-sed-leoUNUS SED LEO(LEO)$8.700.54%
  • bitcoin-cashBitcoin Cash(BCH)$394.800.46%
  • the-open-networkToncoin(TON)$3.03-0.38%
  • litecoinLitecoin(LTC)$98.361.04%
  • polkadotPolkadot(DOT)$4.641.91%
  • moneroMonero(XMR)$346.781.49%
  • bitget-tokenBitget Token(BGB)$5.170.39%
  • pepePepe(PEPE)$0.0000133.14%
  • daiDai(DAI)$1.000.01%
  • piPi(PI)$0.73-0.05%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • aaveAave(AAVE)$264.4921.58%
  • uniswapUniswap(UNI)$5.983.80%
  • bittensorBittensor(TAO)$412.171.08%
  • nearNEAR Protocol(NEAR)$2.814.18%
  • aptosAptos(APT)$5.245.75%
  • okbOKB(OKB)$52.420.40%
  • ondo-financeOndo(ONDO)$0.943.43%
  • kaspaKaspa(KAS)$0.1094120.87%
  • ethereum-classicEthereum Classic(ETC)$18.594.37%
  • internet-computerInternet Computer(ICP)$5.253.29%
  • gatechain-tokenGateToken(GT)$21.570.31%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.840.79%
  • crypto-com-chainCronos(CRO)$0.0964370.20%
  • mantleMantle(MNT)$0.730.12%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2339440.86%
  • vechainVeChain(VET)$0.0282812.23%
  • render-tokenRender(RENDER)$4.654.06%
  • ethenaEthena(ENA)$0.3810865.25%
  • usd1World Liberty Financial USD(USD1)$1.00-0.11%
  • algorandAlgorand(ALGO)$0.2235643.15%
  • arbitrumArbitrum(ARB)$0.3951425.57%
  • filecoinFilecoin(FIL)$2.873.43%