JPMorgan files for second Ethereum-based Treasury-backed tokenized money market fund

JPMorgan filed paperwork to launch a second tokenized money market fund on the Ethereum blockchain under the ticker JLTXX, according to filings reported by multiple outlets ^{[1] [2] [3] [4]}.

The proposed JPMorgan OnChain Liquidity-Token Money Market Fund is structured to invest in U.S. Treasuries and repurchase agreements and to use blockchain-based tokenization for transaction processing; reporting also notes Kinexys will be used for token balances ^{[1] [5] [3]}.

Ethereum is currently the only supported blockchain for the fund, though JPMorgan signaled plans to expand to other networks in the future; the filing follows a similar move by BlackRock and underscores a broader push by Wall Street into tokenized onchain funds ^{[1] [2]}.

The filings reflect accelerating institutional interest in tokenized fixed-income products and continued Wall Street adoption of onchain fund structures ^[2].