JPMorgan Launches Tokenized Money Market Fund on Ethereum

JPMorgan is launching JLTXX as its second tokenized money market fund on Ethereum. The fund will invest in U.S. Treasuries and overnight repurchase agreements backed by Treasuries or cash. The new report adds that the related SEC filing takes effect on May 13, though no launch date was disclosed. Earlier topic information also described JLTXX as being positioned for qualified reserve asset use cases under the GENIUS Act and identified MONY as JPMorgan’s first tokenized money market fund on Ethereum.

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