JPMorgan has registered with the SEC the launch of its second tokenized money market fund on the Ethereum network, named OnChain Liquidity-Token Money Market Fund (JLTXX). This is a financial vehicle, managed by its Kinexys Digital Assets unit, specifically created so that stablecoin issuers can meet the reserve requirements demanded by the GENIUS Act in the United States, by investing in Treasury bonds and repurchase agreements (repos).
The launch of JLTXX represents a crucial step in the institutional adoption of tokenized Real World Assets (RWA), a sector that already reaches $32.2 billion. By using a public blockchain like Ethereum to back highly liquid assets, JPMorgan not only streamlines regulatory compliance for token issuers but also strengthens the financial infrastructure necessary for a fully integrated and transparent digital economy.
With the application taking effect on May 13, JPMorgan reaffirms its leadership in the on-chain treasury market. The next step for the sector will be the integration of these funds by the main stablecoin issuers to guarantee the stability and legality of their assets on U.S. soil.
Source: https://n9.cl/cvb7c
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