Ethereum

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<p>JPMorgan Asset Management has filed with the U.S. Securities and Exchange Commission to launch a second tokenized money market fund on Ethereum (<a href="https://x.com/search?q=%24ETH&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$ETH</a>), extending the bank's push to bring traditional fixed-income products onto public blockchain rails.</p>
<p><cite>The fund, called the JPMorgan OnChain Liquidity Token Money Market Fund, would trade under the ticker JLTXX.</cite><cite>JLTXX would invest exclusively in U.S. Treasury bills, bonds and notes, as well as overnight repurchase agreements fully collateralized by U.S. Treasuries or cash.</cite><cite>The fund aims to maintain a $1 net asset value and only invest in U.S. dollar-denominated securities.</cite></p>
<h2 id="kinexys-powers-the-on-chain-infrastructure">Kinexys Powers the On-Chain Infrastructure</h2>
<p><cite>The fund will be powered by JPMorgan's Kinexys Digital Assets unit.</cite><cite>According to the filing, Ethereum is currently the only available blockchain for use by investors, although expansion to other blockchains is anticipated in the future.</cite><cite>As a registered security, shares of the money market fund will be transfer restricted, with only pre-approved addresses on the allow list authorized to purchase, redeem or transfer token balances.</cite></p>
<p><cite>JPMorgan is launching the fund in a structure designed to satisfy the reserve requirements stablecoin issuers are required to maintain in the U.S. as part of the GENIUS Act.</cite><cite>Under the GENIUS Act, U.S.-compliant stablecoin issuers will be required to back their tokens with highly liquid assets such as U.S. Treasuries, cash and insured bank deposits.</cite> That positioning could make JLTXX relevant to companies issuing dollar-backed stablecoins under U.S. rules.</p>
<h2 id="building-on-the-mony-blueprint">Building on the MONY Blueprint</h2>
<p><cite>JPMorgan Asset Management launched its first tokenized money market fund, My OnChain Net Yield Fund (MONY), on the public Ethereum blockchain in December 2025.</cite><cite>MONY launched with an initial $100 million investment.</cite><cite>MONY was more geared toward institutional investors seeking on-chain cash management products.</cite></p>
<p><cite>The SEC filing for JLTXX becomes effective May 13, though JPMorgan did not disclose a launch date for the fund.</cite> The move reflects a broader institutional race to tokenize real-world assets. <cite>The tokenized real-world asset market has grown more than 200% over the past year and now exceeds $32 billion, according to rwa.xyz data.</cite></p>
<p><strong>Sources:</strong><br><a href="https://www.theblock.co/post/401028/jpmorgan-launching-tokenized-money-market-fund-ethereum" rel="noopener noreferrer nofollow">The Block: JPMorgan launching second tokenized money market fund on Ethereum</a><br><a href="https://am.jpmorgan.com/us/en/asset-management/adv/about-us/media/press-releases/jp-morgan-asset-management-launches-its-first-tokenized-money-market-fund/" rel="noopener noreferrer nofollow">J.P. Morgan Asset Management: Official MONY Launch Press Release</a><br><a href="https://www.coindesk.com/business/2026/05/12/jpmorgan-files-to-launch-new-tokenized-fund-as-wall-street-tokenization-race-heats-up" rel="noopener noreferrer nofollow">CoinDesk: JPMorgan Files to Launch New Tokenized Fund</a></p>

Jpmorgan Just Filed To Put U.S. Treasuries On Ethereum

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