JPMorgan files second tokenized money market fund on Ethereum as Wall Street's blockchain race accelerates

"JPMorgan Chase filed paperwork on Tuesday for its second tokenized money market fund, four months after becoming the largest global systemically important bank to put a fund on the Ethereum blockchain. The JPMorgan OnChain Liquidity-Token Money Market Fund, ticker JLTXX, will issue digital tokens on Ethereum representing shares in a portfolio of US Treasuries and overnight repurchase agreements. The tokens can be held in digital wallets, transferred between investors, or posted as collateral in crypto markets, with transactions settling in minutes rather than the one to two days that conventional fund shares require."

"The filing is unremarkable by the standards of traditional asset management. It is a money market fund. It buys Treasuries. It pays a yield. What makes it significant is where it lives. The fund exists on a public blockchain, governed by smart contracts, accessible to investors who hold digital wallets, and designed to comply with the Genius Act, the federal stablecoin framework that President Trump signed into law in July 2025."

"JPMorgan's asset management arm launched My OnChain Net Yield Fund, known as MONY, on the Ethereum blockchain in December 2025. The fund invests in US Treasuries and repurchase agreements fully collateralised by Treasuries, with a one million dollar minimum investment for qualified investors. JPMorgan seeded it with 100 million dollars. MONY is powered by Kinexys Digital Assets, the bank's proprietary tokenization platform that has processed more than 300 bil"

JPMorgan Chase filed paperwork for its second tokenized money market fund on the Ethereum blockchain. The JPMorgan OnChain Liquidity-Token Money Market Fund, ticker JLTXX, will issue digital tokens representing shares in a portfolio of US Treasuries and overnight repurchase agreements. Token holders can store tokens in digital wallets, transfer them to other investors, or use them as collateral in crypto markets. Settlement is expected to occur in minutes rather than the one to two days typical for conventional fund shares. The fund is designed to comply with the Genius Act, a federal stablecoin framework signed in July 2025. JPMorgan previously launched a tokenized money market fund, MONY, on Ethereum in December 2025, seeded with $100 million and powered by its Kinexys tokenization platform.

Read at TNW | Blockchain