JPMorgan also finally to Ethereum... JLTXX targets ETH-based reserve asset market

▲ Ethereum (ETH)/AI-generated image

JPMorgan is pushing to launch an Ethereum (ETH)-based tokenized money market fund. The new fund, named JPMorgan Onchain Liquidity Token Money Market Fund (JLTXX), will be operated based on Kinexys Digital Assets.

BeInCrypto reported on the 13th that JPMorgan revealed its plans to launch JLTXX through documents submitted to the U.S. Securities and Exchange Commission (SEC). The fund is designed to invest only in U.S. Treasury securities and overnight repurchase agreements collateralized by U.S. Treasury securities under normal market conditions.

The prospectus also states that JLTXX will invest in a way that meets the qualified reserve asset requirements mandated by the stablecoin regulation law GENIUS. The document explains that the fund is designed to allow stablecoin issuers to invest in JLTXX to meet the qualified reserve asset requirements they must maintain under the law and related regulations.

JPMorgan's prospectus suggests that JLTXX will initially launch on Ethereum but may expand to other networks in the future. BeInCrypto stated that this launch plan strengthens JPMorgan's tokenization strategy, alongside similar moves by institutional investors such as BlackRock.

JLTXX is JPMorgan's second tokenized money market fund to be pursued on Ethereum. JPMorgan previously launched the My Onchain Net Yield Fund (MONY) in December 2025 with an initial investment of $100 million.

BeInCrypto also cited Ethereum's high market share in the tokenized real-world asset market as background. Based on the value of decentralized tokenized real-world assets tracked by RWA.xyz, Ethereum currently holds a market share of over 53.99% and supports approximately 846 tokenization projects.

Ethereum has established itself as a major settlement layer for institutional issuance, including funds from BlackRock and Franklin Templeton. BeInCrypto's expert committee analyzed that institutions' preference for Ethereum is based on risk management, familiarity, and defensibility rather than ideology.

Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered, told BeInCrypto, "Based on the trend of traditional finance participating, I think Ethereum is highly likely to win for now. I believe that when banks and other institutions build something in the blockchain space, almost all of it will be done on Ethereum for the next few years."

Kendrick expects Ethereum to capture a significant portion of traditional financial capital flows in the coming years. JPMorgan's push to launch JLTXX demonstrates a trend where demand for tokenized money market funds and stablecoin reserve assets is connecting to Ethereum-based institutional financial infrastructure.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*