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JPMorgan files to launch new tokenized fund as Wall Street tokenization race heats up
The global banking giant is expanding its tokenized money market lineup, following BlackRock’s similar move just a few days ago.
May 12, 2026, 9:18 p.m. 2 min read
What to know:
- JPMorgan filed to launch a new tokenized U.S. Treasury money-market fund on Ethereum.
- The fund, dubbed JPMorgan OnChain Liquidity-Token Money Market Fund, is designed to meet reserve requirements for stablecoin issuers under the GENIUS Act.
- The move adds to Wall Street asset managers’ growing push into tokenized real-world assets.
The fund, dubbed JPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX), will maintain blockchain-based token balances tied to investors’ ownership records, allowing approved users to submit purchase, redemption and transfer requests through Ethereum, the filing said. The underlying blockchain infrastructure will be operated by Kinexys Digital Assets, JPMorgan’s blockchain unit formerly known as Onyx.
The fund is structured to satisfy reserve asset requirements under the GENIUS Act, legislation aimed at regulating stablecoin issuers in the U.S. That could position the product as a yield-bearing reserve vehicle for stablecoin firms seeking compliant Treasury exposure.
