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.
Trump's Genius Act Fuels Tokenization Wave
The tokenization effort comes as U.S. financial institutions accelerate blockchain adoption following President Trump's signing of the GENIUS Act earlier this year.
The shift prompted Goldman Sachs (NYSE:GS) and BNY (NYSE:BK) to partner on digital tokens representing ownership of money-market funds managed by BlackRock (NYSE:BLK), Fidelity Investments, and their own asset-management units.
According to JPMorgan, Kinexys Fund Flow automates the exchange of cash and fund shares via smart contracts, allowing all parties to view ownership data in real time.
The system reduces administrative friction and eliminates delays associated with capital calls, a common pain point in private-equity investing.
Bank Sees Tokenization As Next-Gen Fund Infrastructure
Anton Pil, head of global alternative investment solutions at JPMorgan Asset Management, said the transition toward blockchain settlement is inevitable.
"It's more about simplifying the ecosystem of alternatives and making it easier to access for most investors," he said.
By offering tokenized exposure, the bank hopes to expand investor access to complex strategies that traditionally required large minimum commitments and lengthy lockups.
JPMorgan is also exploring the use of fund tokens as collateral or within diversified portfolios of tokenized assets.
JPM Stock Consolidates At Key Resistance
JPMorgan Stock Price Dynamics (Source: TradingView)
Technical analysis: On the charts, JPM stock price is consolidating near $305 after rebounding from support around $290, aligning with the 200-day exponential moving average.
Price action is now testing the 61.8% Fibonacci retracement level at $306.5, a critical resistance area capped by a descending trendline.
The 20- and 50-day EMAs at $302.2 and $303.1 serve as immediate support, while the 100-day EMA near $300.9 underpins the short-term structure.
A breakout above $307 could open the path toward $312 and $316, whereas a close below $303 risks a pullback to $297 and $291.8.
The RSI at 55 indicates moderate momentum with scope for additional upside.
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