🏦 JPMorgan Joins Tokenization Race with New Treasury Fund on Ethereum
💠Wall Street’s push into real-world assets accelerates as JPMorgan files for a tokenized money market fund.
💰 The Fund
➡️ JPMorgan OnChain Liquidity-Token Money Market Fund [JLTXX]: Invests only in short-term U.S. Treasuries, cash, and overnight repos
➡️ On Ethereum: Token balances track ownership; approved users can buy, redeem, transfer on-chain
➡️ Run by: Kinexys Digital Assets, JPMorgan’s blockchain unit formerly Onyx
🎯 Why It Matters
➡️ Designed to meet reserve requirements for stablecoin issuers under the GENIUS Act
➡️ Gives stablecoin firms a compliant, yield-bearing Treasury option on-chain
➡️ Follows BlackRock’s tokenized Treasury filing from just days ago
📈 Bigger Picture
Tokenized RWA market up 200% YoY to $32B+. JPMorgan already launched MONY fund in Dec 2025 and processes tokenized collateral via Kinexys. Banks see blockchain cutting settlement times and enabling 24/7 trading.