JPMorgan plans to launch a tokenized money market fund on Ethereum, marking another step into blockchain finance. The new fund, called the OnChain Liquidity-Token Money Market Fund (JLTXX), is designed for stablecoin issuers who want to keep reserve assets in a regulated, interest-earning product.
According to the SEC filing, the fund will invest in US Treasury bills and overnight repurchase agreements backed by Treasurys or cash. This approach aligns with the new GENIUS Act, a US law focused on stablecoins.
Investors need to put in at least $1 million, and the annual management fee is 0.16%, which analysts say is low for this kind of fund.
This launch highlights growing interest in tokenization among traditional financial institutions. Tokenization means turning real-world assets into digital assets on the blockchain.
Industry data shows there are now over $32 billion in tokenized real-world assets on-chain, not including stablecoins. More markets, such as bonds, commodities, stocks, and real estate, are beginning to use blockchain for settlements.
Kinexys Digital Assets, JPMorgan’s blockchain division, will manage the fund. Last December, the bank launched another Ethereum-based tokenized product called MONY.
This new filing comes after a recent pilot where JPMorgan helped transfer tokenized US Treasury funds between the US and Singapore using the XRP Ledger in seconds.
Some people are still skeptical. The International Monetary Fund recently warned that tokenization could create new risks by making the financial system more dependent on shared ledgers and smart contracts.
Still, many in the crypto and finance industries believe tokenization is one of the most important long-term uses for blockchain technology.
LATEST: 🏦 JPMorgan is launching a second tokenized money market fund on Ethereum, designed to satisfy stablecoin reserve requirements under the GENIUS Act. pic.twitter.com/fvnP8I0ovw
— CoinMarketCap (@CoinMarketCap) May 13, 2026
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