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Wall Street giants scale Ethereum tokenization

BlackRock, JPMorgan, and Fidelity are aggressively launching tokenized money market funds on Ethereum, validating the public blockchain as a viable settlement layer for institutional assets.

The argument

The hosts highlighted JPMorgan's launch of JLTXX (a registered government money market fund with competitive 16 bps fees) and BlackRock's filing to digitize a $6.1B treasury liquidity fund targeting stablecoin holders. This institutional migration brings low-risk, yield-bearing assets on-chain, serving as a stable alternative to highly leveraged DeFi yield loops.

The thesis, stress-tested
✓ What validates it
  • BlackRock's new tokenized treasury fund goes live on-chain
  • JPMorgan's JLTXX reaches significant AUM milestones
▸ Risks discussed
  • Regulatory uncertainty surrounding stablecoin yields
  • Smart contract risks on public mainnets
Hear it yourself
"This is what, Xi knows is a card that he has to play is, like, Trump, Iran is a weak spot for Trump. What does China want? China has, Xi has really signaled that, Taiwan is his top agenda. He wants The United States to back off from its presence around Taiwan, especially with arms sales to, Taiwan. And, also, they want access to American technology. They want semiconductors. They want chips from NVIDIA, which is very relevant because Jensen Huang was on the plane to China with Jensen very much wants that. Jensen also wants to sell chips to China as you could imagine, which brings us to our breaking news. We are now allowing The United States is now allowing Nvidia to sell ships to China."
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