J.P. Morgan launching its tokenized money market fund, MONY, is a bigger deal than it sounds. This is because the bank is launching it on @Ethereum, indicating that they believe the network is stable enough to support real financial activity. Rather than a private or internal system, the decision to use a public blockchain also allows multiple institutions to operate on the same shared infrastructure. This further reduces the need for custom integrations and ongoing reconciliation between parties. Over time, it can lower costs and simplify how assets move across the financial system. Overall, J.P. Morgan’s involvement signals where institutional adoption is heading. As one of the largest financial institutions, its participation reinforces the view that tokenized RWAs are moving to broader deployment. “Tokenized RWAs are up and to the right with no signs of slowing down, and the biggest bank getting involved is the most meaningful institutional update we’ve seen in a long time,” said @jchaskin, app relations and research lead at the Ethereum Foundation, to Token Relations.

📊 @Chainlink Reserve surpasses $20M in LINK after adding 88,846 LINK, bringing total holdings to 1.68M LINK

NEW: @Chainlink acquires @atlasevm, a protocol for recovering value from onchain trading It will be integrated into Chainlink’s Smart Value Recapture (SVR)