JPMorgan Files Second Tokenized Fund on Ethereum, Accelerating Wall Street’s Blockchain Race
May 12, 2026 – 9:51 pm
Image by: Canva
TL;DR
JPMorgan Chase has filed paperwork for its second tokenized money market fund on Ethereum, marking a significant step in the adoption of blockchain technology in traditional finance. This follows their initial launch of the My OnChain Net Yield Fund (MONY) on the Ethereum blockchain in December 2025.
JPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX)
- Issues digital tokens representing shares in a portfolio of US Treasuries and overnight repurchase agreements.
- Tokens can be held in digital wallets, transferred, or used as collateral in crypto markets, settling within minutes.
- Complies with the Genius Act, the federal stablecoin framework enacted in July 2025.
The First Fund: My OnChain Net Yield Fund (MONY)
- Launched on Ethereum in December 2025, investing in US Treasuries and repurchase agreements collateralized by Treasuries.
- Seeded with $100 million by JPMorgan, restricted to qualified investors under SEC Rule 506(c).
The Second Fund: JLTXX
- Structured for broader distribution through a 485BPOS filing, targeting existing registered investment companies.
- Utilizes the same assets as MONY but introduces peer-to-peer transferability and enhanced collateralization options.