{"id":72447,"date":"2026-05-13T09:19:11","date_gmt":"2026-05-13T09:19:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/jpmorgan-eyes-ethereum-again-with-second-tokenized-treasury-fund\/"},"modified":"2026-05-13T09:19:11","modified_gmt":"2026-05-13T09:19:11","slug":"jpmorgan-eyes-ethereum-again-with-second-tokenized-treasury-fund","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/jpmorgan-eyes-ethereum-again-with-second-tokenized-treasury-fund\/","title":{"rendered":"JPMorgan Eyes Ethereum Again With Second Tokenized Treasury Fund"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight:400\"><\/p>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">JPMorgan filed with the SEC to launch JLTXX, its 2nd Ethereum tokenized fund, via Kinexys Digital Assets.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">JLTXX must hold 100% short-term U.S. Treasuries, aligning with GENIUS Act stablecoin reserve rules.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Blackrock\u2019s BUIDL surpassed $2.8B in AUM by early 2026, setting the pace in tokenized Treasury competition.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><\/span><\/p>\n<h2><span style=\"font-weight:400\">Kinexys Powers the Onchain Infrastructure<\/span><\/h2>\n<p><span style=\"font-weight:400\">The move comes roughly five months after the bank <\/span><a href=\"https:\/\/am.jpmorgan.com\/us\/en\/asset-management\/adv\/about-us\/media\/press-releases\/jp-morgan-asset-management-launches-its-first-tokenized-money-market-fund\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">debuted its first tokenized fund<\/span><\/a><span style=\"font-weight:400\">, the Onchain Net Yield Fund (MONY), in December 2025, suggesting JPMorgan views Ethereum-based tokenization as a core institutional product and not just a pilot. <\/span><\/p>\n<p><span style=\"font-weight:400\">The <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-05-12\/jpmorgan-s-crypto-push-deepens-with-filing-for-tokenized-fund\" target=\"_blank\" rel=\"noopener noreferrer\">new fund will be operated<\/a> by Kinexys Digital Assets, JPMorgan\u2019s in-house <span>blockchain<\/span> unit. JLTXX introduces Token Class Shares, which let investors hold and transfer fund shares onchain while traditional book-entry ownership records are maintained in parallel.<\/span><\/p>\n<p><span style=\"font-weight:400\">Under the hood, the <\/span><span style=\"font-weight:400\">fund invests entirely<\/span><span style=\"font-weight:400\"> in short-term U.S. Treasury securities and fully collateralized overnight repurchase agreements, the same conservative assets that anchor conventional money market funds.<\/span><\/p>\n<p><span style=\"font-weight:400\">Critically, JLTXX has been designed to comply with Rule 2a-7 of the Investment Company Act and is also structured to meet potential reserve requirements <a href=\"https:\/\/news.bitcoin.com\/understanding-the-genius-act-us-stablecoins-revolution\/\">under the GENIUS Act<\/a> (the <span>stablecoin<\/span> framework signed into law in July 2025), positioning the fund as a viable reserve asset for future compliant <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins<\/a>.<\/span><\/p>\n<h2><span style=\"font-weight:400\">The Institutional Race Heats Up <\/span><\/h2>\n<p><span style=\"font-weight:400\">JPMorgan is not alone, as Blackrock\u2019s BUIDL fund, the tokenized Treasury product launched on Ethereum in 2024. It had already crossed $2.8 billion in assets under management as of early 2026, making it the largest tokenized fund by AUM. Similarly, Franklin Templeton\u2019s FOBXX offering operates across Stellar and Polygon, while Ondo Finance\u2019s OUSG product offers tokenized T-bills to retail-eligible investors.<\/span><\/p>\n<p><span style=\"font-weight:400\">The timing of JPMorgan\u2019s latest filing also aligns with regulatory momentum on Capitol Hill, with the Senate Banking Committee <a href=\"https:\/\/news.bitcoin.com\/us-senate-drops-309-page-crypto-clarity-act-draft-ahead-of-may-14-vote\/\">expected to hold a markup<\/a> of the Digital Asset Market Clarity (CLARITY) Act in a couple of days, with a floor vote targeted for June or July<\/span><span style=\"font-weight:400\">. As institutional tokenization and U.S. <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> law inch toward alignment, funds like JLTXX are increasingly designed with regulatory compliance as a feature, not an afterthought.<\/span><\/p>\n<p><span style=\"font-weight:400\">Looking ahead, JLTXX still requires SEC approval before investors can access it. The fund will initially target institutional buyers, consistent with how MONY was rolled out but will likely remain out of reach for retail investors. <\/span><\/p>\n<p><span style=\"font-weight:400\">Still, the filing represents one of the clearest signals yet that JPMorgan sees tokenized real-world assets ( <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-real-world-assets-rwa\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">RWAs<\/a>) as a durable business line. For a bank that publicly dismissed <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> as a fraud in 2017, the pace of blockchain-product launches in 2025 and 2026 marks a remarkable institutional course correction.<\/span><\/p>\n<p> <!-- --><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/jpm-second-eth-fund\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways JPMorgan filed with the SEC to launch JLTXX, its 2nd Ethereum tokenized fund, via Kinexys Digital Assets. JLTXX must hold 100% short-term U.S. Treasuries, aligning with GENIUS Act stablecoin reserve rules. Blackrock\u2019s BUIDL surpassed $2.8B in AUM by early 2026, setting the pace in tokenized Treasury [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":72448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72447"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72447"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72447\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72448"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}