JPMorgan Chase’s asset management division launched the JPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX) in May 2026. The fund utilizes the bank's proprietary Kinexys tokenization platform on the public Ethereum blockchain. This U.S. registered vehicle supports stablecoin issuers operating under the GENIUS Act.
Assets under management reached $693 million by early July 2026. Stablecoin issuers drove this growth by moving reserves into the fund to capture yield. This strategy allows issuers to remain compliant with regulations while accessing tokenized traditional financial products.
The fund's rapid adoption marks a significant milestone for JPMorgan’s digital asset strategy. This growth confirms strong market demand for tokenized versions of traditional investment vehicles.