# JPMorgan to Launch Second Tokenized Money Market Fund on Ethereum

*Author: Jack Inabinet*
*Published: May 12, 2026*
*Source: https://www.bankless.com/es/read/news/jpmorgan-to-launch-second-tokenized-money-market-fund-on-ethereum*

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J.P. Morgan Asset Management has [filed](https://bankless.ghost.io/anthropic-slams-tokenized-equity-instruments/) with the Securities and Exchange Commission to register the "JPMorgan OnChain Liquidity-Token Money Market Fund' (ticker symbol: JLTXX), its second tokenized money market fund issued on Ethereum.

### What's the Scoop?
- **GENIUS Act Reserves: **While JLTXX itself will not be a stablecoin, the fund will hold reserve assets that comply with the GENIUS Act's [requirements](https://bankless.ghost.io/anthropic-slams-tokenized-equity-instruments/) for U.S. stablecoin issuers (i.e.; it will only purchase U.S. Treasury securities with remaining maturities of 93 days or less). The Fund's [prospectus](https://bankless.ghost.io/anthropic-slams-tokenized-equity-instruments/) notes that JLTXX's compliance with GENIUS Act reserve requirements may cause, "lower [yields] than that of other money market funds that are permitted to invest in a wider universe of investments, including those with longer maturities."
- **Powered By Ethereum:** JLTXX will launch exclusively on Ethereum, although its prospectus indicates that expansions to additional chains could come later. As a registered security, shares of the money market fund will be transfer restricted, with only pre-approved addresses on the "allow list" authorized to purchase, redeem or transfer token balances.
- **Second Tokenized Fund: **This past** **December, J.P. Morgan Asset Management [launched](https://www.bankless.com/read/news/j-p-morgan-debuts-mony-tokenized-money-market-fund-on-ethereum) its first tokenized money market fund – the "My OnChain Net Yield Fund" or MONY – which is available via Ethereum to qualified investors who subscribe through Morgan Money. The month prior, the bank began [facilitating](https://www.bankless.com/read/j-p-morgan-sets-up-shop-on-base) balance transfers for any institutional client via its JPMD tokenized deposit coin on Coinbase's Base blockchain.

### What's the Take?
The crypto industry continues to [occupy](https://bankless.ghost.io/anthropic-slams-tokenized-equity-instruments/) itself with squabbles over the semantics of CLARITY Act's stablecoin yield prohibitions, but it's long past time to recognize that the GENIUS Act has already [explicitly banned](https://bankless.ghost.io/anthropic-slams-tokenized-equity-instruments/) yield payments to stablecoin holders. 

J.P. Morgan Asset Management appears acutely aware of this dynamic, registering JLTXX as a security so that it can legally pay yield to investors.

![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2026/05/image-27.png)*Source: [Securities and Exchange Commission](https://www.sec.gov/Archives/edgar/data/1659326/000119312526217424/d44657d485bpos.htm)*