According to an SEC filing on May 12, JPMorgan launched JLTXX, its second tokenized money market fund on Ethereum. The OnChain Liquidity-Token Money Market Fund will invest in U.S. Treasurys and overnight repurchase agreements, designed to satisfy reserve requirements that stablecoin issuers must maintain under the GENIUS Act. Blockchain infrastructure will be managed by Kinexys Digital Assets, JPMorgan’s business unit. The SEC filing becomes effective May 13.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
JPMorgan Files Second Tokenized Money Market Fund on Ethereum
JPMorgan Chase's asset management arm filed paperwork on Tuesday for its second tokenized money market fund, the JPMorgan OnChain Liquidity-Token Money Market Fund (ticker JLTXX). The fund would issue digital tokens on the Ethereum blockchain representing shares in a portfolio of U.S. Treasuries
GateNews3h ago
Ethereum Foundation Launches Clear Signing Standard to Address Blind Signing Problem
According to ChainCatcher, the Ethereum Foundation's working group launched the Clear Signing open standard today to address the long-standing blind signing problem in blockchain transactions. Built on the ERC-7730 specification, the standard implements the WYSIWYS (What You See Is What You Sign) pr
GateNews6h ago
SharpLink's Ethereum Staking Rewards Surpass 19,277 ETH Cumulatively
According to ChainCatcher, SharpLink's cumulative Ethereum staking rewards have reached 19,277 ETH since launching its ETH treasury strategy, with 477 ETH earned in the past week.
GateNews9h ago
Ethereum Foundation Unstakes 21,270 ETH Worth $50M From Lido
According to blockchain analytics platform Arkham, the Ethereum Foundation unstaked 21,270 ETH worth approximately $50 million from Lido on Monday, moving the assets from the liquid staking protocol into Ethereum's withdrawal queue. The withdrawal does not automatically indicate plans to sell the as
GateNews9h ago
Brevis Launches Pico Prism 2.0, Achieving 5.3x Efficiency Improvement for Ethereum Real-Time Block Proofs on May 12
According to BlockBeats, on May 12, Brevis, a ZK-based verifiable computing platform, launched Pico Prism 2.0, a full-stack upgrade to its Ethereum real-time block proving system, now live on Ethereum mainnet with a 60 million Gas limit. The system generates proofs for each block in
GateNews10h ago
Whale Deposits 5,819.8 ETH Back to Exchange Within 24 Hours of $16.87M Withdrawal, Facing $263K Loss
According to ChainCatcher, a whale deposited 5,819.8 ETH to an exchange over the past 3 hours after withdrawing 7,240 ETH at $2,330 per token yesterday, worth $16.87 million. The deposit occurred at $2,284.79 per ETH. If the whale sells the deposited amount, it will realize a loss of $263,000, with
GateNews11h ago
