J.P. Morgan Asset Management Launches Second Tokenized Money Market Fund on Ethereum

Rhea-AI Summary

J.P. Morgan (NYSE:JPM) launched its second tokenized money market fund, JPMorgan OnChain Liquidity–Token Money Market Fund (JLTXX), on the public Ethereum blockchain for qualified U.S. investors.

The government money market fund is seeded with $100 million, invests solely in U.S. Treasuries and overnight repos, and is accessible via Morgan Money using cash or stablecoins.

Positive

• Launch of second tokenized money market fund JLTXX on Ethereum
• Seed investment of $100 million from J.P. Morgan Asset Management
• Portfolio limited to U.S. Treasuries and fully collateralized overnight repos
• Subscription and redemption via Morgan Money using cash or stablecoins
• Daily dividend reinvestment for on-chain token balances
• Expansion of tokenized liquidity suite alongside existing MONY fund

Negative

• Access limited to qualified U.S. investors, restricting broader participation
• Tokenized assets still represent a small fraction of overall industry AUM

News Market Reaction – JPM

-1.52%

-1.52% Session close to close

In the May 13 session, JPM declined 1.52%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement adds a second tokenized money market fund, JLTXX, on the public Ethereum blockchai...

Analysis

This announcement adds a second tokenized money market fund, JLTXX, on the public Ethereum blockchain, seeded with $100 million. It targets qualified U.S. investors seeking on-chain liquidity backed by U.S. government securities. In context with JPM’s prior crypto-tagged initiatives, it underscores a multi-year push into tokenized financial products. Investors may watch adoption trends, fee growth from on-chain offerings, and how this fits within the roughly $30 billion tokenized asset landscape.

Key Figures

Seed investment in JLTXX: $100 million Tokenized traditional assets: $30 billion

2 metrics

Seed investment in JLTXX $100 million Initial capital J.P. Morgan Asset Management is investing at launch

Tokenized traditional assets $30 billion Traditional assets tokenized on public blockchains as of April 30, 2026

Previous Crypto Reports

2 past events · Latest: Dec 11 (Positive)

Same Type Pattern 2 events

Date	Event	Sentiment	24h Move	Catalyst
Dec 11	On-chain debt issuance	Positive	+2.3%	Arranged landmark U.S. commercial paper issuance on Solana settled in USDC.
Sep 30	Crypto partnership	Positive	-0.1%	Announced partnership with Coinbase to link bank services and crypto wallets.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Crypto-related initiatives have previously led to modest, mixed price reactions, with one positive and one slightly negative move.

Recent Company History

Over recent crypto-tagged events, JPM has used public blockchains and partnerships to expand digital-asset capabilities. On Sep 30, 2025, it announced a strategic partnership with Coinbase to enhance crypto accessibility. On Dec 11, 2025, it arranged a landmark commercial paper issuance on the Solana blockchain settled in USDC. Today’s Ethereum-based tokenized money market fund extends that trajectory in on-chain financial products.

Key Terms

tokenized money market fund, stablecoin, blockchain, ethereum, +1 more

5 terms

tokenized money market fund financial

"J.P. Morgan Asset Management today announced the launch of its second tokenized money market fund"

A tokenized money market fund is a traditional short-term, low-risk investment vehicle whose ownership shares are represented as digital tokens on a secure electronic ledger. It matters to investors because it combines the safety and steady, short-term returns of a money market fund with faster, around-the-clock trading, easier fractional ownership and quicker settlement — like turning a conventional savings bucket into instantly tradable digital pieces—while introducing technology and custody considerations.

stablecoin financial

"designed to invest in a manner to support stablecoin issuers under the GENIUS Act"

A stablecoin is a type of digital currency designed to keep its value steady, often by being backed by traditional assets like money or commodities. For investors, stablecoins offer a reliable way to move money quickly across digital platforms without the value fluctuations common with other cryptocurrencies, making them useful for saving, trading, or transferring funds with less risk of sudden losses.

blockchain technical

"now available on the public Ethereum blockchain. JLTXX is a U.S. registered government"

A blockchain is a digital record-keeping system that securely stores information across many computers, making it difficult to alter or tamper with. Think of it like a shared, unchangeable ledger that everyone can see and verify, ensuring transparency and trust. For investors, this technology offers a way to securely track transactions and assets without relying on a central authority, potentially reducing costs and increasing security.

View in glossary

ethereum technical

"JPMorgan OnChain Liquidity–Token Money Market Fund ("JLTXX"), now available on the public Ethereum blockchain."

Ethereum is a digital money system and computing platform built on a shared online ledger called a blockchain; its native token, ether (ETH), is used to pay for transactions and run automated contracts. Investors care because ether acts like a tradeable asset whose price can move sharply, and the platform’s usage, upgrades, and rules affect supply, demand and potential returns—think of it as both a new kind of commodity and the fuel for a global app store.

private placement financial

"J.P. Morgan Asset Management introduced MONY, a 506(c) private placement, tokenized money market fund"

A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

New fund expands tokenized liquidity suite on Morgan Money®

NEW YORK, May 13, 2026 /PRNewswire/ -- J.P. Morgan Asset Management today announced the launch of its second tokenized money market fund available to U.S. investors, JPMorgan OnChain Liquidity–Token Money Market Fund ("JLTXX"), now available on the public Ethereum blockchain. JLTXX is a U.S. registered government money market fund designed to invest in a manner to support stablecoin issuers under the GENIUS Act. Qualified investors can access JLTXX by subscribing through Morgan Money®, J.P. Morgan Asset Management's open-architecture trading and analytics platform for liquidity management, and receive token balances at their blockchain addresses. At launch, J.P. Morgan Asset Management is investing $100 million in JLTXX, with additional participation from Anchorage Digital.

JLTXX invests only in U.S. Treasury securities and overnight repurchase agreements collateralized fully by U.S. Treasury securities and/or cash, allowing investors the opportunity to earn yield while holding their token balances on the blockchain. The fund offers daily dividend reinvestment and investors will be able to subscribe and redeem through the Morgan Money platform using cash or stablecoins through a third-party vendor. This is the second fund to use J.P. Morgan's multi–chain asset tokenization solution as part of its infrastructure.

"Investors are increasingly looking for ways to modernize liquidity management without changing the fundamentals of what they own," said John Donohue, Head of Global Liquidity at J.P. Morgan Asset Management. "Money market funds have long served as a core tool for investors seeking liquidity, stability and competitive short-term yield. There is a continued shift toward bringing established financial products onto public blockchain networks and we are excited to bring more options to market for our clients."

J.P. Morgan Asset Management introduced MONY, a 506(c) private placement, tokenized money market fund for qualified U.S. investors seeking to earn U.S. dollar yields last year. Together, JLTXX and MONY broaden the firm's tokenized liquidity suite across private and registered fund structures, available through Morgan Money®.

JLTXX reinforces the firm's commitment to modernizing traditional offerings with blockchain technology. The tokenized asset landscape has grown significantly in recent years, with approximately $30 billion¹ in traditional assets currently tokenized on public blockchain networks. While this represents a small fraction of industry assets under management, adoption is accelerating, with AUM in on–chain products nearly tripling since early 2024².

For more information, please visit our dedicated website. The JLTXX blockchain token address is 0x09864f52B035AE22eE739dFa5c748fA080D07bD8.

¹ Source: RWA.xyz as of April 30, 2026
² Source: J.P. Morgan Asset Management 'Tokenization of Money Market Funds'

About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of $4.3 trillion (as of 3/31/2026), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. For more information, visit: www.jpmorgan.com/am

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorganChase had $4.9 trillion in assets and $364 billion in stockholders' equity (as of 3/31/2026). The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world's most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

About Morgan Money
Morgan Money is J.P. Morgan Asset Management's institutional investing platform. A multi-currency, open architecture trading and risk management system, the platform is designed to deliver a seamless customer experience, centered on operational efficiency, end-to-end system integration, and effective controls to allow customers to invest when, where and how they want — securely. Its intuitive platform allows customers to view aggregated account information across their entire portfolio, conduct in-depth risk analysis, model potential trades and compare available investment options. This platform is designed for clients, by clients — embedding their needs and priorities into its core capabilities. Additional information is available at https://www.morganmoney.io/.

Contact JPMorgan Distribution Services, Inc. at 1-800-480-4111 for a prospectus. Carefully consider the fund's objectives, risks, charges and expenses of the mutual fund before investing. The prospectus contains this and other fund information. Read it carefully before investing.

MONY -- FOR QUALIFIED INVESTORS ONLY.  MONY is intended for investors who qualify to invest in private placement funds. Generally, they would include investors who are "Qualified Purchasers" as described in the Investment Company Act of 1940, as amended, and "Accredited Investors" as defined in the Securities Act of 1933, as amended.

Blockchain technology is relatively new and continues to evolve, and its use by the Fund presents certain risks. There is a possibility that the technology may not always operate as expected, which could result in transaction delays or errors in recording token balances. Security considerations, such as potential vulnerabilities or unauthorized access, as well as changes in regulations, may also affect how transactions are processed. Other factors to consider include fluctuations in transaction fees, the potential for network changes that may create alternative blockchains, and differences from traditional mutual funds that could affect how certain issues are addressed. Investors should take care to safeguard their private keys, and future regulatory developments may influence the use and adoption of blockchain technology.

You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor is not required to reimburse the Fund for losses, and you should not expect that the sponsor will provide financial support to the Fund at any time, including during periods of market stress.

JLTXX is distributed by JPMorgan Distribution Services, Inc. The placement agent for MONY is J.P. Morgan Institutional Investments, Inc.; both entities are members of FINRA. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/jp-morgan-asset-management-launches-second-tokenized-money-market-fund-on-ethereum-302771391.html

SOURCE J.P. Morgan Asset Management

FAQ

What is JLTXX, J.P. Morgan's new tokenized money market fund on Ethereum (JPM)?

JLTXX is a U.S. registered government money market fund tokenized on the Ethereum blockchain for qualified U.S. investors. It invests only in U.S. Treasuries and fully collateralized overnight repos, delivering yield while investors hold token balances on-chain through the Morgan Money platform.

How can investors access JLTXX, the new J.P. Morgan tokenized fund (JPM)?

Qualified investors access JLTXX by subscribing through the Morgan Money trading and analytics platform. According to J.P. Morgan Asset Management, investors receive token balances at their blockchain addresses and can subscribe or redeem using cash or stablecoins via a third-party vendor.

What does the $100 million seed investment in JLTXX mean for J.P. Morgan (JPM) investors?

J.P. Morgan Asset Management is seeding JLTXX with $100 million, signaling internal capital support for the on-chain product. This initial funding, alongside participation from Anchorage Digital, may help establish liquidity and adoption within the tokenized money market fund ecosystem on Ethereum.

What assets does the JLTXX tokenized money market fund on Ethereum invest in?

JLTXX invests exclusively in U.S. Treasury securities and overnight repurchase agreements fully collateralized by Treasuries and/or cash. According to J.P. Morgan Asset Management, this structure aims to provide liquidity, stability, and yield while allowing investors to hold their positions as blockchain tokens.

How does JLTXX support stablecoin issuers under the GENIUS Act (JPM)?

JLTXX is designed to invest in a manner intended to support stablecoin issuers under the GENIUS Act. By holding U.S. Treasuries and fully collateralized overnight repos, the fund offers a regulated, government money market structure that can align with stablecoin reserve management needs.

How does JLTXX fit into J.P. Morgan's broader tokenized liquidity suite (JPM)?

JLTXX is the second fund using J.P. Morgan’s multi-chain asset tokenization solution and joins the MONY tokenized money market fund. Together, these products broaden tokenized liquidity across private and registered fund structures, all accessible via the Morgan Money liquidity management platform.