00:00It's Benzinga, bringing Wall Street to Main Street.
00:03JPMorgan Chase shares traded higher on Monday after the bank announced its first tokenized
00:08money market fund is live on the Ethereum blockchain, according to Benzinga.
00:12The launch makes JPMorgan the largest global systemically important bank
00:16to introduce a tokenized money market fund on a public blockchain.
00:20The fund invests only in U.S. Treasury securities and Treasury-backed repurchase agreements.
00:26Shares rebounded after recent weakness tied to higher expense guidance,
00:30while technical indicators showed continued bullish momentum.
00:32For all things money, visit Benzinga.com.
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