Wall Street giant ships enter port! Jiaxin Wealth Management opens BTC/ETH spot market with an exposure of 12 trillion yuan

From May 6 to 7, JPMorgan Chase (Kinexys), MasterCard, Ripple and Ondo Finance completed the first XRP Ledger based token based cross-border near real-time redemption pilot of U.S. treasury bond, and completed cross-border dollar settlement within 5 seconds. In addition, on May 13th, Jiaxin Wealth Management, which manages approximately $12 trillion in customer assets, opened its "Schwab Crypto" spot trading service in stages to qualified US retail customers, supporting direct buying and selling of BTC and ETH, with a 0.75% handling fee charged based on the transaction amount. According to the official announcement from Ondo Finance, the pilot transaction involves routing instructions from Mastercard MTN to JPMorgan Kinexys for USD transfer. Official information from Jiaxin Wealth Management confirms the arrangement for the launch of spot trading. JPMorgan Chase and Mastercard have reached cross-border tokenized US bond settlement through XRP ledger, marking Wall Street's accelerated embrace of the "public chain+traditional banking" integration model, which is a substantial positive for the XRP and RWA tracks; Jiaxin Wealth Management's opening of spot trading has further lowered the entry threshold for retail investors in the United States, introducing long-term incremental funds for BTC/ETH, which is also a positive development. XRP, BTC, ETH, and RWA concept tokens (such as ONDO) are experiencing a short-term surge in sentiment due to event catalysis, and can follow suit with light positions. However, attention should be paid to the breakthrough situation in the resistance range of $1.49-1.50. Be wary of the "buy expectation sell fact" style decline and strictly set stop loss. Risk Warning: The views, conclusions, and recommendations presented in this article are for reference only and do not constitute investment advice. The market is risky, and investment needs to be cautious.