"JPMorgan filed with the SEC to launch JLTXX, its 2nd Ethereum tokenized fund, via Kinexys Digital Assets. JLTXX must hold 100% short-term U.S. Treasuries, aligning with GENIUS Act stablecoin reserve rules. Blackrock's BUIDL surpassed $2.8B in AUM by early 2026, setting the pace in tokenized Treasury competition."
"The move comes roughly five months after the bank debuted its first tokenized fund, the Onchain Net Yield Fund (MONY), in December 2025, suggesting JPMorgan views Ethereum-based tokenization as a core institutional product and not just a pilot. The new fund will be operated by Kinexys Digital Assets, JPMorgan's in-house blockchain unit."
"JLTXX introduces Token Class Shares, which let investors hold and transfer fund shares onchain while traditional book-entry ownership records are maintained in parallel. Under the hood, the fund invests entirely in short-term U.S. Treasury securities and fully collateralized overnight repurchase agreements, the same conservative assets that anchor conventional money market funds."
"Critically, JLTXX has been designed to comply with Rule 2a-7 of the Investment Company Act and is also structured to meet potential reserve requirements under the GENIUS Act (the stablecoin framework signed into law in July 2025), positioning the fund as a viable reserve asset for future compliant stablecoins."
JPMorgan filed with the SEC to launch JLTXX, its second Ethereum tokenized fund, through Kinexys Digital Assets. JLTXX will hold 100% short-term U.S. Treasury securities and fully collateralized overnight repurchase agreements, using conservative assets similar to those in money market funds. The fund is designed to comply with Rule 2a-7 of the Investment Company Act. It is also structured to meet potential reserve requirements under the GENIUS Act stablecoin framework signed in July 2025. JLTXX introduces Token Class Shares that allow investors to hold and transfer fund shares onchain while traditional book-entry ownership records remain in parallel. The launch follows JPMorgan’s earlier tokenized fund MONY and comes as other tokenized Treasury products expand across Ethereum, Stellar, Polygon, and retail-eligible offerings.
Read at news.bitcoin.com
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