JPMorgan to Launch Tokenized Treasury Money Market Fund on Ethereum

JPMorgan Chase is preparing to launch a new tokenized money market fund, highlighting the growing push by major financial institutions to bring traditional financial products onto blockchain networks. According to a recent filing with the U.S. Securities and Exchange Commission (SEC), the banking giant plans to introduce the JPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX), a blockchain-powered investment vehicle focused on short-term U.S. Treasuries, cash, and overnight repurchase agreements backed by government securities.

The upcoming fund will use blockchain technology to maintain digital token balances connected to investor ownership records. Approved investors will be able to process subscriptions, redemptions, and transfers directly through the Ethereum blockchain. JPMorgan’s blockchain division, Kinexys Digital Assets, formerly known as Onyx, will manage the infrastructure supporting the fund.

The filing also noted that the product is designed to comply with reserve asset standards outlined under the proposed GENIUS Act, a U.S. bill intended to regulate stablecoin issuers. This structure could make the fund attractive to stablecoin companies seeking compliant, yield-generating Treasury exposure for reserve management.

JPMorgan’s move follows a similar step by BlackRock, which recently submitted filings for tokenized Treasury investment products and blockchain-based shares tied to an existing $7 billion money market fund. The rapid rise of tokenization has become one of the strongest trends in both the crypto and traditional finance sectors, with supporters pointing to faster settlement, improved transparency, and continuous trading capabilities as key benefits.

Data from rwa.xyz shows the tokenized real-world asset market has expanded more than 200% over the past year, surpassing $32 billion in value. Tokenized Treasury products have become especially popular as institutional investors look for secure ways to generate yield on blockchain-based capital.

JPMorgan has already established itself as a leading player in blockchain finance. Earlier, the bank launched the MONY tokenized money market fund on Ethereum and has continued expanding tokenized settlement and collateral services through Kinexys.