JPMorgan Unveils Second Tokenized Money Market Fund on Ethereum

JPMorgan is expanding its blockchain-based finance offerings with the launch of a new tokenized money market fund, JLTXX.

The fund will invest in U.S. Treasurys and overnight repurchase agreements backed by Treasurys or cash, aiming to meet eligible reserve asset requirements for stablecoin issuers under the GENIUS Act.

This move reflects the growing demand for on-chain access to low-risk yield products, particularly among institutions that use stablecoins and digital settlement systems.