CoinDesk
JPMorgan has filed with the SEC to launch the JPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX), a blockchain-based money-market fund investing exclusively in short-term U.S. Treasuries, cash, and overnight repo agreements. The fund will maintain token balances on Ethereum tied to investors' ownership records, with infrastructure operated by Kinexys Digital Assets — JPMorgan's blockchain unit formerly known as Onyx.
Critically, JLTXX is structured to satisfy reserve asset requirements under the GENIUS Act, the pending U.S. stablecoin regulation framework. That positions it as a yield-bearing, compliant reserve vehicle for stablecoin issuers seeking Treasury exposure — a potentially massive addressable market as regulation forces stablecoin firms to hold high-quality liquid assets.
The filing lands just days after BlackRock filed for its own tokenized Treasury reserve vehicle…
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