JPMorgan filed Tuesday for JLTXX, a tokenized money market fund engineered to meet stablecoin reserve requirements under the GENIUS Act, deepening the bank’s push onto public blockchain rails.
Posted May 13, 2026 at 5:57 am EST.
JPMorgan Asset Management filed Tuesday with the U.S. Securities and Exchange Commission to launch a second tokenized money market fund on Ethereum, dubbed the JPMorgan OnChain Liquidity-Token Money Market Fund, trading under the ticker JLTXX.
The new fund will invest in short-term U.S. Treasuries, cash, and overnight repurchase agreements collateralized by Treasuries. Token balances will be maintained on Ethereum and tied to investor ownership records. The filing explicitly notes the product is engineered to meet reserve requirements for stablecoin issuers under the GENIUS Act, the federal stablecoin law passed last year.
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The structural shift from JPMorgan’s first tokenized fund matters. JPMorgan launched its first tokenized money market fund, MONY, on December 15, 2025, seeded with $100 million of the bank’s own capital and restricted to qualified investors with at least $1 million in capital under SEC Rule 506(c). JLTXX was filed via a 485BPOS, the amendment form used by registered investment companies, suggesting broader distribution and a lower bar for institutional access.
Both funds run on Kinexys, JPMorgan’s tokenization platform that rebranded from Onyx last year. JPMorgan is the largest global systemically important bank to launch tokenized money market funds on a public blockchain, with $4 trillion in assets under management as of September 2025.
BlackRock, Fidelity, and Franklin Templeton all have tokenized money market or Treasury products live or in the pipeline, and the tokenized-Treasury market has now passed $14 billion, according to industry data. CEO Jamie Dimon told shareholders in his April 2026 annual letter that JPMorgan must move faster on blockchain infrastructure.
