• JPMorgan filed JLTXX, a tokenized money market fund backed by U.S. Treasuries on Ethereum.

• Ethereum gained further institutional attention as firms expanded tokenized Treasury activity.

• IMF warned that tokenized markets may face legal and settlement risks during stress conditions.

JPMorgan expanded its blockchain-based finance operations after filing for a new tokenized money market fund intended to support stablecoin reserve management under the proposed GENIUS Act framework. The filing also added to growing institutional activity linking stablecoin liquidity with tokenized U.S. Treasury products on Ethereum.

The bank’s asset management division submitted paperwork for the JPMorgan OnChain Liquidity-Token Money Market Fund, which will trade under the ticker JLTXX. According to the filing, the fund will issue digital tokens on the Ethereum blockchain that represe…

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