According to an SEC filing on May 12, JPMorgan launched JLTXX, its second tokenized money market fund on Ethereum. The OnChain Liquidity-Token Money Market Fund will invest in U.S. Treasurys and overnight repurchase agreements, designed to satisfy reserve requirements that stablecoin issuers must maintain under the GENIUS Act. Blockchain infrastructure will be managed by Kinexys Digital Assets, JPMorgan’s business unit. The SEC filing becomes effective May 13.
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