JPMorgan Files to Launch Tokenized Money Market Fund JLTXX on Ethereum The fund, named JPMorgan OnChain Liquidity-Token Money Market Fund a…
JPMorgan Files to Launch Tokenized Money Market Fund JLTXX on Ethereum
The fund, named JPMorgan OnChain Liquidity-Token Money Market Fund and trading under the ticker JLTXX, is designed to invest exclusively in U.S. Treasury securities and overnight repurchase agreements fully collateralized by U.S. Treasurys and/or cash. It is intended to satisfy eligible reserve asset requirements for stablecoin issuers under the GENIUS Act.
JPMorgan previously launched its first tokenized money market fund, MONY, on Ethereum last year.