JPMorgan Tokenizes Private Equity Fund As JPM Targets Key $312 Level
JPMorgan Chase & Co. (NYSE:JPM) has tokenized a private-equity fund on its blockchain platform for wealthy clients, marking a key milestone in its push to digitize alternative investments.
Blockchain Move Brings Private Equity To Digital Investors
The bank said on Thursday that its new tokenized fund is available to select private-bank clients ahead of next year’s full rollout of its Kinexys Fund Flow platform.
The system converts fund ownership into digital tokens recorded on JPMorgan’s private blockchain, simplifying transfers and settlement as per WSJ.
The move marks the first step in JPMorgan’s plan to expand blockchain-based access to alternative assets, including private credit, real estate, and hedge funds.
The goal is to make typically illiquid vehicles easier to trade and manage for qualified investors.
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