JPMorgan plans second Ethereum tokenized Treasury fund, boosting institutional crypto finance.

JPMorgan Asset Management has filed with the SEC to launch JLTXX, its second tokenized money market fund on the Ethereum blockchain, operated by its Kinexys Digital Assets unit. The fund will invest entirely in short-term U.S. Treasuries and repurchase agreements, designed to comply with regulatory standards including the GENIUS Act stablecoin rules, making it suitable as a reserve asset for compliant stablecoins. This move follows JPMorgan's first tokenized fund launched in December 2025 and signals the bank's strong commitment to integrating blockchain technology into traditional finance. The fund targets institutional investors and awaits SEC approval, entering a competitive space alongside Blackrock and Franklin Templeton's tokenized Treasury products.