摩根大通将在以太坊推出第二只代币化货币市场基金

Odaily reported that JPMorgan Chase will launch its second tokenized money market fund on Ethereum, named the OnChain Liquidity-Token Money Market Fund, with the ticker JLTXX.

The fund will primarily invest in U.S. Treasury bonds, as well as overnight repurchase agreements collateralized by U.S. Treasuries or cash, aiming to meet the eligible reserve asset requirements that stablecoin issuers must maintain under the GENIUS Act.

JPMorgan stated that the blockchain technology for the fund will be managed by its Kinexys Digital Assets division. Currently, Ethereum is the only on-chain network available to investors, but expansion to other blockchains is not ruled out in the future.

This marks JPMorgan's second tokenized money market fund on Ethereum, following the launch of MONY last year. Compared to MONY, which focuses more on institutional on-chain cash management, JLTXX is more directly targeted at stablecoin reserve asset scenarios.