Summary
- JPMorgan Asset Management filed paperwork to launch a second tokenized money market fund (MMF), JLTXX.
- The product will invest in U.S. Treasuries and repurchase agreements (repos), and will issue fund shares as digital tokens on the Ethereum (ETH) blockchain.
- The fund was designed to fit the GENIUS Act framework, and the tokens can be held in digital wallets, transferred between investors, or used as collateral in the crypto market.
Forecast Trend Report by Period
JPMorgan is seeking to launch a second tokenized money market fund as it expands its blockchain-based finance business.
Bloomberg reported on May 12 that JPMorgan Asset Management filed with the U.S. Securities and Exchange Commission to launch the JPMorgan OnChain Liquidity-Token Money Market Fund, which will trade under the ticker JLTXX.
The fund will invest in U.S. Treasuries and repurchase agreements, or repos. Its shares will be issued as digital tokens on the Ethereum blockchain.
Investors will be able to hold the tokens in digital wallets, transfer them between investors, or use them as collateral in the crypto market. Settlement times will also be sharply reduced from those of traditional funds, with transactions processed within minutes.
The product was designed to fit the framework of the GENIUS Act, the U.S. stablecoin regulation passed last year. The filing comes as Wall Street firms accelerate launches tied to stablecoins and tokenized finance.
BlackRock last week also filed paperwork for two tokenized money market funds aimed at stablecoin investors.
JPMorgan has already launched its first tokenized money market fund, the My OnChain Net Yield Fund, or MONY, on its Kinexys Digital Assets platform.
Meanwhile, the tokenized asset market has grown more than 400% since the start of 2025 to about $32 billion, according to rwa.xyz.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
