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JPMorgan (JPM) to launch new tokenized fund as Wall Street tokenization race heats up

The fund would invest in Treasuries, cash and repo agreements as tokenized real-world assets top $32 billion, rwa.xyz data show.

  • On Tuesday, JPMorgan Asset Management filed with the Securities and Exchange Commission to launch the JPMorgan OnChain Liquidity-Token Money Market Fund, or JLTXX, on Ethereum investing in short-term Treasuries and overnight repo agreements.
  • Following the December 15, 2025, launch of MONY, this second fund utilizes Kinexys, JPMorgan's tokenization platform, as CEO Jamie Dimon recently emphasized faster blockchain infrastructure development.
  • Major competitors including BlackRock, Fidelity, and Franklin Templeton are also expanding as the tokenized-Treasury market has passed $14 billion; data shows the broader tokenized real-world asset market grew more than 200% over the past year.
  • Engineered to meet reserve requirements under the GENIUS Act, the new product positions JPMorgan to serve stablecoin issuers; supporters argue blockchain integration improves transparency and enables around-the-clock trading.
  • As the largest global systemically important bank to launch such funds on a public blockchain, JPMorgan manages $4 trillion in assets as of September 2025, underscoring its commitment to shifting traditional finance onto digital rails.
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Bloomberg broke the news in United States on Tuesday, May 12, 2026.
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