JPMORGAN DEPLOYS SECOND ETH-BASED MONEY MARKET TOKEN 📈
J.P. Morgan filed the JPMorgan OnChain Liquidity‑Token Money Market Fund (JLTXX) with the SEC, marking its second tokenized money‑market offering on the Ethereum network. The fund will back its digital tokens with U.S. Treasury bonds and repos, signaling deeper institutional adoption of blockchain‑based liquidity solutions.
The launch underscores growing confidence among major banks in tokenized cash instruments, potentially expanding on‑chain liquidity for short‑term capital. With U.S. Treasury securities as collateral, the product aims to combine traditional money‑market stability with blockchain efficiency, and could see listing on top‑tier exchanges.
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