JPMorgan Picks Ethereum Again in New Money Market Fund Filing
JPMorgan has filed to launch the JPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX), a tokenized Treasury car on Ethereum powered by Kinexys Digital Assets.
According to the submitting with the US Securities and Exchange Commission (SEC), below regular circumstances, the fund invests solely in US Treasury securities and Treasury-collateralized in a single day repurchase agreements.
JPMorgan Files To Launch A Second Tokenized Treasury Fund on Ethereum
The prospectus additional says the fund will make investments in a fashion that satisfies eligible reserve necessities below the GENIUS Act, the US stablecoin law passed in July 2025.
“The Fund invests in a fashion supposed to fulfill the necessities for eligible reserve belongings that stablecoin issuers are required to keep up below the Guiding and Establishing National Innovation for U.S. Stablecoins Act (in any other case known as the GENIUS Act) and laws adopted thereunder, to help funding in the Fund by stablecoin issuers in search of to adjust to such necessities,” the filing reads.
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JPMorgan’s prospectus indicators that JLTXX will begin on Ethereum however could develop to different networks. The launch deepens the financial institution’s tokenization push, alongside comparable initiatives from institutional gamers equivalent to BlackRock.
JLTXX could be JPMorgan’s second tokenized cash market fund on Ethereum after My OnChain Net Yield Fund (MONY). The financial institution launched it in December 2025 with an preliminary funding of $100 million.
Why Ethereum, Again
Ethereum hosts nearly all of distributed tokenized real-world asset (RWA) worth tracked by RWA.xyz. The community presently accounts for greater than 53.99% of the distributed RWA market share and helps round 846 tokenization tasks,
The chain has change into the main settlement layer for institutional issuance, together with funds from BlackRock and Franklin Templeton. Insights from BeInCrypto’s Expert Council indicated that institutional choice for Ethereum is much less about ideology and extra about institutional threat administration, consolation, and defensibility.
“I feel Ethereum in all probability wins for the subsequent few minutes on the again of TradFi getting concerned. As banks and different construct stuff on blockchain area, it’s nearly all going to occur on Ethereum for the subsequent couple of years, I feel,” Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered, instructed BeInCrypto.
Kendrick expects Ethereum to win the majority of TradFi flows over the subsequent couple of years.
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