JPMorgan Files JLTXX, Its Second Tokenized MMF, Targeting $32B Market

JPMorgan submitted documents to the U.S. Securities and Exchange Commission on the 12th for JLTXX, its second tokenized money market fund. The fund is designed on Ethereum and is structured to invest in U.S. Treasuries and repo transactions. According to the original report, JLTXX is being pursued on the premise of compliance with the GENIUS Act and targets the rapidly growing tokenized asset market. The market size was presented at about $32 billion. The filing signals JPMorgan’s move to compete head-on with BlackRock in tokenized MMFs. Source: mk.co.kr