2026-5-13 07:19 |
JPMorgan has filed to launch the JPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX), a tokenized Treasury vehicle on Ethereum powered by Kinexys Digital Assets.
According to the filing with the US Securities and Exchange Commission (SEC), under normal conditions, the fund invests only in US Treasury securities and Treasury-collateralized overnight repurchase agreements.
JPMorgan Files To Launch A Second Tokenized Treasury Fund on EthereumThe prospectus further says the fund will invest in a manner that satisfies eligible reserve requirements under the GENIUS Act, the US stablecoin law passed in July 2025.
“The Fund invests in a manner intended to satisfy the requirements for eligible reserve assets that stablecoin issuers are required to maintain under the Guiding and Establishing National Innovation for U.S. Stablecoins Act (otherwise referred to as the GENIUS Act) and regulations adopted thereunder, to support investment in the Fund by stablecoin issuers seeking to comply with such requirements,” the filing reads.
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JPMorgan’s prospectus signals that JLTXX will start on Ethereum but may expand to other networks. The launch deepens the bank’s tokenization push, alongside similar initiatives from institutional players such as BlackRock.
JLTXX would be JPMorgan’s second tokenized money market fund on Ethereum after My OnChain Net Yield Fund (MONY). The bank launched it in December 2025 with an initial investment of $100 million.
Why Ethereum, AgainEthereum hosts the majority of distributed tokenized real-world asset (RWA) value tracked by RWA.xyz. The network currently accounts for more than 53.99% of the distributed RWA market share and supports around 846 tokenization projects,
The chain has become the leading settlement layer for institutional issuance, including funds from BlackRock and Franklin Templeton. Insights from BeInCrypto’s Expert Council indicated that institutional preference for Ethereum is less about ideology and more about institutional risk management, comfort, and defensibility.
“I think Ethereum probably wins for the next little while on the back of TradFi getting involved. As banks and other build stuff on blockchain space, it’s almost all going to happen on Ethereum for the next couple of years, I think,” Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered, told BeInCrypto.
Kendrick expects Ethereum to win the bulk of TradFi flows over the next couple of years.
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The post JPMorgan Picks Ethereum Again in New Money Market Fund Filing appeared first on BeInCrypto.
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