New fund expands tokenized liquidity suite on Morgan Money®
J.P. Morgan Asset Management announced the launch of its second tokenized money market fund available to U.S. investors, JPMorgan OnChain Liquidity–Token Money Market Fund (“JLTXX”), now available on the public Ethereum blockchain. JLTXX is a U.S. registered government money market fund designed to invest in a manner to support stablecoin issuers under the GENIUS Act. Qualified investors can access JLTXX by subscribing through Morgan Money®, J.P. Morgan Asset Management’s open-architecture trading and analytics platform for liquidity management, and receive token balances at their blockchain addresses. At launch, J.P. Morgan Asset Management is investing $100 million in JLTXX, with additional participation from Anchorage Digital.
JLTXX invests only in U.S. Treasury securities and overnight repurchase agreements collateralized fully by U.S. Treasury securities and/or cash, allowing investors the opportunity to earn yield while holding their token balances on the blockchain. The fund offers daily dividend reinvestment and investors will be able to subscribe and redeem through the Morgan Money platform using cash or stablecoins through a third-party vendor. This is the second fund to use J.P. Morgan’s multi–chain asset tokenization solution as part of its infrastructure.
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“Investors are increasingly looking for ways to modernize liquidity management without changing the fundamentals of what they own,” said John Donohue, Head of Global Liquidity at J.P. Morgan Asset Management. “Money market funds have long served as a core tool for investors seeking liquidity, stability and competitive short-term yield. There is a continued shift toward bringing established financial products onto public blockchain networks and we are excited to bring more options to market for our clients.”
J.P. Morgan Asset Management introduced MONY, a 506(c) private placement, tokenized money market fund for qualified U.S. investors seeking to earn U.S. dollar yields last year. Together, JLTXX and MONY broaden the firm’s tokenized liquidity suite across private and registered fund structures, available through Morgan Money®.
JLTXX reinforces the firm’s commitment to modernizing traditional offerings with blockchain technology. The tokenized asset landscape has grown significantly in recent years, with approximately $30 billion¹ in traditional assets currently tokenized on public blockchain networks. While this represents a small fraction of industry assets under management, adoption is accelerating, with AUM in on–chain products nearly tripling since early 20242.
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